Price action and chart pattern trading setup
> Bullish dragon pattern symmetrical triangle
> double claws bottom strong bullish candle breakout above SMA 20 and SMA 50
> short term target at dragon tailhook resistance of the triangle 0.5 retracement and dragon hump 0.618
> medium term target at dragon head 1.0
> long term target at tail extended zone 1.618
> stop loss at the double claws zone
> risk reward ratio 2:1 for short term, 3:1 for medium term trade
Indicator:
> bullish RSI crossed above MA line over 60
> MACD golden crossed signal line just below the baseline - early trend
Always trade with affordable risk and respect your stoploss
> Bullish dragon pattern symmetrical triangle
> double claws bottom strong bullish candle breakout above SMA 20 and SMA 50
> short term target at dragon tailhook resistance of the triangle 0.5 retracement and dragon hump 0.618
> medium term target at dragon head 1.0
> long term target at tail extended zone 1.618
> stop loss at the double claws zone
> risk reward ratio 2:1 for short term, 3:1 for medium term trade
Indicator:
> bullish RSI crossed above MA line over 60
> MACD golden crossed signal line just below the baseline - early trend
Always trade with affordable risk and respect your stoploss
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.