In August 16, cup pattern target completed.
Currently,there is a rising channel during one hour TF.
The range of the rising channel in the picture is around $ 22.
You should buy and set stop loss as the price is near the support level of the channel.
Profit target could reach around $ 1805.00 as shown.
But it also could lead to break out condition !
Just after the breakout, the entry position have to be changed immediately as the following price range.
Currently,there is a rising channel during one hour TF.
The range of the rising channel in the picture is around $ 22.
You should buy and set stop loss as the price is near the support level of the channel.
Profit target could reach around $ 1805.00 as shown.
But it also could lead to break out condition !
Just after the breakout, the entry position have to be changed immediately as the following price range.
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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.
Related publications
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.