Friends,
Its been a while since I have made a trading post. I was very busy in typing up the lessons, but lets get to some basics now.
We are looking at a 1H chart of ADABTC. I see a falling wedge here, as you can see on the chart. If we break out upwards from this falling wedge, we have a buy signal there.
So, lets watch this chart, and wait for a breakout in the bullish direction. Its as simple as that. I will not go into much details right now.
I have marked some potential short-term targets on the chart, which can be used for exit or moving the stop losses.
NOTE: If we break the wedge downwards, and the 1H candle closes below the wedge support line, this trade will become invalid.
Its been a while since I have made a trading post. I was very busy in typing up the lessons, but lets get to some basics now.
We are looking at a 1H chart of ADABTC. I see a falling wedge here, as you can see on the chart. If we break out upwards from this falling wedge, we have a buy signal there.
So, lets watch this chart, and wait for a breakout in the bullish direction. Its as simple as that. I will not go into much details right now.
I have marked some potential short-term targets on the chart, which can be used for exit or moving the stop losses.
NOTE: If we break the wedge downwards, and the 1H candle closes below the wedge support line, this trade will become invalid.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.