Ascending triangle pattern | Accumulation zone

14 juil. 2023

Hi traders,

Ascending triangle pattern in Weekly timeframe.
The current market is at Weekly support, if a 4H candle closes above 82.1400 can expect a bulls in the market.

The risk : reward ratio is 1:3 which is a good trade.

Fed meeting is on 26 July 2023, and expected to raise the interest rates by 0.25.

14 juil. 2023

Transaction en cours

4H candle has closed above 82.1400

2 août 2023

Note

CMP is 82.7750 , about to hit the target 82.8120

3 août 2023

Note

close the position if the 4H candle closes below 82.6400,

Reason :: If a 4H candle closes below 82.6400 the market can go down for a correction. So better to close the position and re-enter later.

4 août 2023

Trade fermée: cible de profit atteinte

:-)