A very similar chart to the FTT chart is seen. It broke through the resistance level of the triangle and then retested the ascending trend. As long as it does not go below the trend, it may continue upwards. A position can be taken with a tight stop-loss.
Note
It broke below the trend and is testing the upside again. If it fails to break above the trend, this will become a resistance level and it will continue to fall. I increased the stop order to 1.15 and narrowed the trade a bit more.Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.