Biconomy (BICO) forming bullish Gartley for upto 56% rally
Hi dear members , hope you are well and welcome to the new trade setup of Biconomy (BICO) with US Dollar pair.
In the previous trade setup of BICO, the priceline moved slightly moved down than buying zone, however, recovered soon and pumped more than 30% as below:
Now on a daily time frame, BICO is about to complete a bullish Gartley move for another price reversal.
Buy between: $0.378 to $0.330
Sell between: $0.444 to $0.515
Stop loss: Below $0.330
Possible profit ratio:
As per above targets there is a profit possibility of upto 56% and a loss possibility is upto 13%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
In the previous trade setup of BICO, the priceline moved slightly moved down than buying zone, however, recovered soon and pumped more than 30% as below:
Now on a daily time frame, BICO is about to complete a bullish Gartley move for another price reversal.
Buy between: $0.378 to $0.330
Sell between: $0.444 to $0.515
Stop loss: Below $0.330
Possible profit ratio:
As per above targets there is a profit possibility of upto 56% and a loss possibility is upto 13%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
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.