PDI + inverse H+SPDI - weekly line chart.
Inverse H + S pattern formed and now has confirmed a breakout.
Not surprising that the gold price has helped this along.
KISS is the key. Keep it simple. no need to excessive indicators.
Just look at the price action.
Line charts are good as they cut out all the noise and smooths
out price action.
PDI trade ideas
Possible PDI ASX Long Position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1 - 3 weeks
Actions on -
A – Activating Event
Market will find support in zone @ Current Levels - .... and move to the 0.034 . In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.034
ASX:PDI
Trade Management
Entered @ .....
Stop Loss @ .....
Target 1 @ 0.034
Target 2 @ ....
Risk/Reward @ 1.5.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!