Overall trend is bullish as price is above 200MA
Price has been in the 1.976 to 1.8948 range for a while.
Confluences:
- Uptrend trend
- Ascending triangle
Entry: Will go long if the price forms a tight buildup near the resistance and breaks the resistance
SL: below previous swing low where my trade is being invalidated
Exit: Upon closing low previous week high
Price has been in the 1.976 to 1.8948 range for a while.
Confluences:
- Uptrend trend
- Ascending triangle
Entry: Will go long if the price forms a tight buildup near the resistance and breaks the resistance
SL: below previous swing low where my trade is being invalidated
Exit: Upon closing low previous week high
Order cancelled
Price broke lower out of the triangle pattern. Setup is invalidated
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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.