On daily chart :
-Fakey pattern appears
-Price is at the demand zone and an intersection trenlines
-Price is at the end of the falling wedge pattern
Target 1 :112.5
Target 2 :116
Target 3: 118
Can be buy with this pair
If there is another pin bar appears, your job is just to re-order.
The stop loss will be placed at the bottom of the last pin bar
If you trade safely, wait for the price breaks the falling wedge, then buy.
-Fakey pattern appears
-Price is at the demand zone and an intersection trenlines
-Price is at the end of the falling wedge pattern
Target 1 :112.5
Target 2 :116
Target 3: 118
Can be buy with this pair
If there is another pin bar appears, your job is just to re-order.
The stop loss will be placed at the bottom of the last pin bar
If you trade safely, wait for the price breaks the falling wedge, then buy.
Note
Note
Update H4 chart :Price has broken the falling wedge
I think it will adjust before rising again
Note
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.
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.