UPDATE: Previous post part of a much BIGGER MOVE
Earlier i did an analysis on a new trading strategy i wanted to try out.
The previous post was for a short term sell opportunity, that i now believe is a part of a much larger bull trend.
This doesnt mean i was wrong earlier. I believe there could be an opportunity to take advantage of the period of consolidation where the market trades within this triangle pattern. We can see that there has been a retracement in the initial bull trend to the 50% fib level
Once the market breaks out of the 1.373 level we could see a continuation of the bull trend.
I AM NOT AN EXPERT TRADE AT YOUR OWN RISK.
The previous post was for a short term sell opportunity, that i now believe is a part of a much larger bull trend.
This doesnt mean i was wrong earlier. I believe there could be an opportunity to take advantage of the period of consolidation where the market trades within this triangle pattern. We can see that there has been a retracement in the initial bull trend to the 50% fib level
Once the market breaks out of the 1.373 level we could see a continuation of the bull trend.
I AM NOT AN EXPERT TRADE AT YOUR OWN RISK.
Trade fermée manuellement
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.