Not financial advice
Trade going forward
Must keep 4 hour closes above .027 for a long to .0343 area
Wait for retest .027 to see if it holds and take a long to .0343 area
Currently in a bearish wedge
Where .0273 must hold we lose that number on a 4 hr close.
Target would be .0197 entry
Target is derived from taking equal measure move up to wherever the trendline breaks you would subtract the same 27% move to the downside for the target.
But this is a good thing.
It is still a lower high setup on a longer time frame from it's low currently of .015
Remember to practice patience
#PIK
Patience is Key
#TLAW
Think Like A Whale
Trade going forward
Must keep 4 hour closes above .027 for a long to .0343 area
Wait for retest .027 to see if it holds and take a long to .0343 area
Currently in a bearish wedge
Where .0273 must hold we lose that number on a 4 hr close.
Target would be .0197 entry
Target is derived from taking equal measure move up to wherever the trendline breaks you would subtract the same 27% move to the downside for the target.
But this is a good thing.
It is still a lower high setup on a longer time frame from it's low currently of .015
Remember to practice patience
#PIK
Patience is Key
#TLAW
Think Like A Whale
Trade closed: target reached
Target reached of .0342620% gain
Trade active
Currently breaking out of the rising wedge pattern daily closes above .0342 we have a target of 1st take profits at .043Then on .046
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.