ADAUSD BULLISH TREND PRICE PREDICTIONADAUSD is making a series of HHs and HLs aligned with the concept of DOW THEORY and I believe this chart will continue its bullish trend and generate decent profits for me. Additionally, a bullish candlestick pattern such as Tweezer Bottom is forming after the recent HH showing buyers/bulls are currently in control of the market making a strong case for continued bullish movement.
My entry point for this trade is 0.453.
SL is set at 0.430 and my TP is set at 0.475.
To take advantage of this rising trend, I have applied another trade but this time TP 2 is set at 0.498 which gives me a risk-to-reward ratio of 1:1.5 for my 2 trades.
OVERALL RISK: 2%
{
(TRADE 1 : 4347.83 : approx USD 100 RISK),
(TRADE 2 : 4347.83 : approx USD 100 RISK)
}
REWARD: 3%
{
(TRADE 1 : 4347.83 : approx USD 100 REWARD),
(TRADE 2 : 4347.83 : approx USD 200 REWARD)
}
