What we can see on the chart is a symmetrical triangle pattern .
Take a position only if/when the price breaks out of the triangle. If the price breaks down, enter short. If the price choose upside, enter long position.
Targets as shown in the chart.
P.S Don´t forget to setup stop loss :)
Good luck
Commentaire
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The price brokeout and we see the retest of the trendline which should be acting as a support now. If you trade this formation, don´t forget about the stop loss as tomorrow more volatility is expected as it´s Monday.
Commentaire
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The price faked out to the upside , next came back down. This is why the stop loss is important. Target for short still valid
Not a very nice chart. This time, the technical analysis tools were not used well enough, and because of that the arguments suffer.
Solldy
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Everything seems to be fine. I agree with the idea, but several factors are still keeping me from the asset deal. Thanks for the idea! I wish everyone who takes the risk a profitable trade)