In an overall bullish move, the price is forming a symmetrical triangle chart pattern formation, which is neutral in nature but can adopt a trend sentiment, which in this case is bullish. Therefore, we could assume with a higher probability that the price could break above this pattern.
In the event of a bullish breakout, we could look for a retest to take a long position at the pullback area.
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In the event of a bullish breakout, we could look for a retest to take a long position at the pullback area.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Note
Price broke the symmetrical triangle to the upside as it was expected.Trade closed: target reached
Price has reached a one-to-one price target projection of symmetrical triangle, very nice trading setup...
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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.