The price is moving against the upper line of the falling wedge. On a smaller timescale, an ascending triangle is formed which is a bullish sign. A breakout of the falling wedge and the ascending triangle will be bullish. There a two possible buy zones to look for, take profit around the 0.30 range. Stop loss should be below the previous low.
Trade active
Orders got filled, SL in place Note
Earlier stopped out with a 10% profit, again always protect your profits. The ascending triangle is still in play we got some rejection to the upside. For now I'm watching how this triangle plays out. Note
Again patience is key, not taking any position until the triangle plays out and it did!This is no sign of reversal closing this thread.
Trade closed: target 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.