Long
GFTBUSD update
It is actually forming a very clear triangle pattern,
third push is on its way and I am expecting for a upward break, retesting its resistance levels,
I have updated my targets based on recent TR,
and I will close my position at 0.33
Lets see
third push is on its way and I am expecting for a upward break, retesting its resistance levels,
I have updated my targets based on recent TR,
and I will close my position at 0.33
Lets see
Trade active
Let the Party StartNote
Retesting 0.12Note
successfully retested, Continuation toward targets...Note
I just saw an update on gifto twitter account that they will get listed on Kucoin tomorrow!they are also partnering with Autofarm,
Very Bullish
but dont be greedy and take profit on mentioned targets and increase your SL after breaking every resistance
Note
Please adjust your final TP to 0.239-based on daily chartNote
Break out attempt(second push) through the resistance zone(our first TP) has been failed,Based on current fud on BUSD, and also allowing withdraws on Kucoin, I see a possible retest of 0.075 area if we loose 0.1 which will be my second entry level,
SL remains same and as long as we are above that we are fine.
Just one thing, the more pullback takes, the higher our target will be, So I will definitely update my last target after retest confirmation.
Note
for those of you who are waiting for an entry, there is a high chance of breaking wedge on 4 hour and daily chart,please wait for retest and confirmation.
confirmed break out will lead us to target 2, where we will c correction and trading range between two target 1 and target 2.
Note
down trend wedge has been broken,target 2 is where I am planning to do some scalp trading,
Note
by the way, I call my TP3 a magic target, and it remains unchanged:-)Note
Second entry filled,Note
I will keep my position as long as SL is not triggered,
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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.