It's currently forming an Ascending Triangle with higher lows and lower highs. In this setup, we expect a decrease in volume while forming this pattern.
This pattern usually breaks out upside 63% of the time.
If it breaks upwards with volume, I'll place a long position. Set the stop loss at the middle of the triangle (at 1.64), my profit target would be around 2.57. The Risk-Reward Ratio is 2.61.
If it breaks downwards, I'll place a short position. Set the stop loss at 1.64, my profit target would be around 0.7. The Risk-Reward Ratio is 3.28
It's more likely to break the upside, however, it is still a chance of breaking to the downside. I'll write an update about this.
This pattern usually breaks out upside 63% of the time.
If it breaks upwards with volume, I'll place a long position. Set the stop loss at the middle of the triangle (at 1.64), my profit target would be around 2.57. The Risk-Reward Ratio is 2.61.
If it breaks downwards, I'll place a short position. Set the stop loss at 1.64, my profit target would be around 0.7. The Risk-Reward Ratio is 3.28
It's more likely to break the upside, however, it is still a chance of breaking to the downside. I'll write an update about this.
Not
It is now breaking up. I longed.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.