DE30 1hr Triangular pattern breakdown | Long position
Updated
Hello Traders,
What's surprising is that while I'm preparing to post this entry, I've got the entry and the profit target has been reached, but I'm posting two more entries for the future.
If we look at the 1 hour chart this index was travelling in a descending triangular pattern. Now it has given a breakdown and currently the price is falling in this
DE30EUR index. In this, our best chance to take a long entry is at 15175 and the 2nd entry is 15050. Both are good entry points. So, the challenge for us is that when we take a long position, the index will be on a downward trend. So, the index will struggle to move up.
Thanks & Regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
What's surprising is that while I'm preparing to post this entry, I've got the entry and the profit target has been reached, but I'm posting two more entries for the future.
If we look at the 1 hour chart this index was travelling in a descending triangular pattern. Now it has given a breakdown and currently the price is falling in this
DE30EUR index. In this, our best chance to take a long entry is at 15175 and the 2nd entry is 15050. Both are good entry points. So, the challenge for us is that when we take a long position, the index will be on a downward trend. So, the index will struggle to move up.Thanks & Regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
Trade closed: target reached
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