- Potential Bullish Scenario
The price is both in a descending channel and a symmetrical triangle.
It would be interesting to take a buy order not far from point C, which corresponds to both the lower limit of the symmetric triangle and our resistance zone.
Stop under point C and the objectives are TP1 to TP3.
- Potential Bearish Scenario
It would be interesting to take a Sell order in case of lower bound of the symmetric triangle and our resistance zone breakouts, the breakout shall happen @ point D.
Stop above point C and the objectives are TP1 & TP2.
The Market is always Right, let's see if it will validate one of our Scenarios this time.
The price is both in a descending channel and a symmetrical triangle.
It would be interesting to take a buy order not far from point C, which corresponds to both the lower limit of the symmetric triangle and our resistance zone.
Stop under point C and the objectives are TP1 to TP3.
- Potential Bearish Scenario
It would be interesting to take a Sell order in case of lower bound of the symmetric triangle and our resistance zone breakouts, the breakout shall happen @ point D.
Stop above point C and the objectives are TP1 & TP2.
The Market is always Right, let's see if it will validate one of our Scenarios this time.
Trade active
Bullish scenario confirmed. Lets follow this trade and see if our goals will met !Note
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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.