12 TF We have Symmetrical Triangle close to the apex for a breakout or breakdown
I have done a fib ext pull to give potential targets both ways ... the1-1 extention
aligns with the measured move of the triangle from Hi -Lo .
Wait for a break of the support or the resistance and a candle close and Backtest before taking a trade and
be aware of a potential fake out to the upside first or vice versa ..this is why the backtest should be waited for .
follow the rules for validation to take entry and your trade wont be invalidated.
manage risk and SL and thanks for your support.
Any comments or questions then write away
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Monero has been a slow mover but finally its off to new highs Will update again over the coming days
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stayed above the .382 and looking good for the continued rise upwards ..although be cautious with BTC as always . I will be targetting the 1-1 ext as seen in the chart with alerts set
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337.80 Still my target
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Target Hit and most of my position is closed I have 20% still left on the table for potential price discovery ..will update again later today
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