1. after a beautiful CUP & HANDLE pattern, and considering that it is still valid, we expect a rise on the chart toward our targets.
2. she is at the edge of a sort of Isosceles triangle which gives us another important sign of sharp movement.
3. we should also take into consideration that the price recently got rid of the yellow channel, tested it, and been gone up which is a good sign for a long.
4. LOOK AT THE RED LINE. this line is an uptrend and the chart is somehow bouncing on it. as far as we expect the upward trend more than a downward, this line can be an entry point for who are not patient enough.
wait until to see the chart pass ne of red or green line to make your decision. 5. SECOND PLAN: if the price melt down, we should wait for it to retest the line and get into short position.
in the case of short position, our target is the yellow line.
THE BEST CONFIRMATION WILL BE GOTTEN FROM H4 TF.
2. she is at the edge of a sort of Isosceles triangle which gives us another important sign of sharp movement.
3. we should also take into consideration that the price recently got rid of the yellow channel, tested it, and been gone up which is a good sign for a long.
4. LOOK AT THE RED LINE. this line is an uptrend and the chart is somehow bouncing on it. as far as we expect the upward trend more than a downward, this line can be an entry point for who are not patient enough.
wait until to see the chart pass ne of red or green line to make your decision. 5. SECOND PLAN: if the price melt down, we should wait for it to retest the line and get into short position.
in the case of short position, our target is the yellow line.
THE BEST CONFIRMATION WILL BE GOTTEN FROM H4 TF.
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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.