Price broke out over the weekend above the previous supply zone at ~0.32700 and gained over 50% at its peak in 24 hours. The last time price broke this zone, price rallied 1400% in 4 weeks.
Price has consolidated and created an ascending triangle pattern and I’m currently waiting for the triangle to break and a candle to close above 0.47400.
There is a minor resistance at ~0.53500 which will be TP1 and TP2 will be set just short of 0.60000. SL will be set just below the new support at ~0.46000.
If the triangle breaks to the downside, I expect a retest to around the 0.39150 area. I’ll be entering longs should we retest here, it could be creating an Elliott Wave pattern on a HTF.
Wait for price action to decide a direction.
Price has consolidated and created an ascending triangle pattern and I’m currently waiting for the triangle to break and a candle to close above 0.47400.
There is a minor resistance at ~0.53500 which will be TP1 and TP2 will be set just short of 0.60000. SL will be set just below the new support at ~0.46000.
If the triangle breaks to the downside, I expect a retest to around the 0.39150 area. I’ll be entering longs should we retest here, it could be creating an Elliott Wave pattern on a HTF.
Wait for price action to decide a direction.
İşlem aktif
Price has broken resistance, candle has closed outside of the area on the 1HR chart,İşlem kapandı: hedefe ulaştı
TP1 hit.İşlem kapandı: hedefe ulaştı
TP2 Hit 😎25% Gain!
Expecting a pullback to ~0.53500 and then a continuation to complete impulse wave 5 to ~0.72500.
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.