Taking long with 30min rsi divergence as a aggressive entry For self study The breakpoint is generally located around 65% of the length of the falling wedge. Entry: Take a position at the breakout of the resistance Stop: The stop is placed below(above) the last lowest(highest) Target: Theoretical target of the pattern Advantage: The theorical target of the...
UPDATE : Target achieved near 0.766 For self study The breakpoint is generally located around 65% of the length of the falling wedge. Entry: Take a position at the breakout of the resistance Stop: The stop is placed below(above) the last lowest(highest) Target: Theoretical target of the pattern Advantage: The theorical target of the pattern is almost always...
only for self study The classic strategy : Entry: Take a long position at the breakout of the resistance (blue) 1hour or 4hour closing Stop: The stop is placed blow the last lowest Target: Theoretical target of the pattern Advantage: False breakouts are rare (only 16%) Disadvantage: Pullbacks are usual (60%) so it could be judicious to wait a pullback to...
only for self study The cup with handle is a continuation pattern. The classic strategy : Entry: Take a long position at the breakout of the neckline If hourly closing above neckline is seen place buy order near 1.09961 Stop: The stop is placed below the neckline Target: Theoretical target of the pattern Advantage: The target price is often reached (73% of...
Entry: Take a long position at the breakout of the resistance(with conviction Stop: The stop is placed below the last lowest Target : 0.8,0.82
Update : Look bulish at the moment The classic strategy (1): Entry: Take a long position at the breakout of the resistance starting from the fifth rotation and if the price is on the higher third of its annual range Stop: The stop is placed below the resistance Target: Theoretical target of the pattern Advantage: Strong probability to win Disadvantage:...
Self education The classic strategy (1): Entry: Take a long position at the breakout of the resistance starting from the fifth rotation and if the price is on the higher third of its annual range Stop: The stop is placed below the resistance Target: Theoretical target of the pattern Advantage: Strong probability to win Disadvantage: Bearish breakouts have...
The classic strategy: Entry: Take a long position at the breakout of the resistance Stop: The stop is placed below the last lowest Target: Theoretical target of the pattern Advantage: The theorical target of the pattern is almost always reached (88%). Disadvantage: There is 1/4 of false breakouts
for self education The classic strategy : Entry: Take a long position at the breakout of the neckline Stop: The stop is placed below the neckline Target: Theoretical target of the pattern Advantage: A lot of lows are made during the upward movement leading to the neckline so it's easy to set your stop Disadvantage: Due to an accumulation zone shaping below...
buy on correction Trade idea Buy near 0.7840 (median) target 0.8000 stop 0.7740 (blow trend line depend on time)
Bulish Symmetrical Triangle negated Falling wedge Breakout(bearish) occured.