Matic Trade Setup - Bullish Formation Ready To Breakout?
Hello traders, here is a trade setup for MATICUSD.
Matic is looking Bullish and may be setting up for a breakout and continuation to the target levels.
- Price has been trading in a Bullish consolidation formation
- Price has traded between the parallel channel and recently has been trending near the top.
** Be prepared for a breakout**
- Ideally you should wait for a breakout and retest of the prior high before you enter the trade.
- Aggressive traders can enter now if they are willing to take the risks.
** Tomorrow the CPI data will be released. If the news is positive Matic will most likely breakout and rally so keep a close eye on price action tomorrow. **
Thanks everyone and best of luck trading!
Matic is looking Bullish and may be setting up for a breakout and continuation to the target levels.
- Price has been trading in a Bullish consolidation formation
- Price has traded between the parallel channel and recently has been trending near the top.
** Be prepared for a breakout**
- Ideally you should wait for a breakout and retest of the prior high before you enter the trade.
- Aggressive traders can enter now if they are willing to take the risks.
** Tomorrow the CPI data will be released. If the news is positive Matic will most likely breakout and rally so keep a close eye on price action tomorrow. **
Thanks everyone and best of luck trading!
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