I will enter this trade if price breaks out of this descending triangle with strong bullish candles (bullish engulfing, bull hammer) or if it breaks out and has a small retrace for confirmation.
My first profit target is at 38.2%, then at 23.6% (resistance at both these levels).
This may take a day or 2 to present a good entry, then 5-6 days to hit my first target.
My first profit target is at 38.2%, then at 23.6% (resistance at both these levels).
This may take a day or 2 to present a good entry, then 5-6 days to hit my first target.
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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.