I. Analysis
1. Ascending triangle being formed, with resistance tested twice and tendency line three times and held
2. Price should have swung lower after the first and second resistance touches for a short bias. This tells us that the buyer are willing to support the price at increasingly higher areas. This is agood sign that an upper breakout might be coming
II. Trade
1. Wait for breakout and closure above resistance to enter the trade - enter following candle
2. Sl 1 ATR below resistance
3. Tp next swing high
Cheers
Ruben
1. Ascending triangle being formed, with resistance tested twice and tendency line three times and held
2. Price should have swung lower after the first and second resistance touches for a short bias. This tells us that the buyer are willing to support the price at increasingly higher areas. This is agood sign that an upper breakout might be coming
II. Trade
1. Wait for breakout and closure above resistance to enter the trade - enter following candle
2. Sl 1 ATR below resistance
3. Tp next swing high
Cheers
Ruben