Hi there, This is a short term trade with the previous trend. Buy the strong breakout.
1. Price can reach up to the trend line before breakout. If so that will be a good place to look for breakout.
2. If price breakup before hitting the trend line then buy strong breakout.
3. Corrective breakout can put the price back in the corrective flag. If so you can take off on breakeven.
4. Break below the trend line will put this pair further downside then we will look for bigger structure before any buy.
If price start to rise sharply you can hold this trade for up to 1.5k.
Thanks for your support.
1. Price can reach up to the trend line before breakout. If so that will be a good place to look for breakout.
2. If price breakup before hitting the trend line then buy strong breakout.
3. Corrective breakout can put the price back in the corrective flag. If so you can take off on breakeven.
4. Break below the trend line will put this pair further downside then we will look for bigger structure before any buy.
If price start to rise sharply you can hold this trade for up to 1.5k.
Thanks for your support.
Note
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For Training visit.
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Related publications
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.