Price action and chart pattern trading setup:
> A minor wave 2 correction ended with a falling wedge breakout with a potential target +22%.
> The current price is trading between SMA200 and SMA50 - a possible pullback entry at SMA50 and 20 golden cross price position.
> Stop @ the lowest inverted head & shoulders -7%
> Risk reward ratio: 3:1
Always trade with affordable risk and respect your stoploss.
Good Luck
> A minor wave 2 correction ended with a falling wedge breakout with a potential target +22%.
> The current price is trading between SMA200 and SMA50 - a possible pullback entry at SMA50 and 20 golden cross price position.
> Stop @ the lowest inverted head & shoulders -7%
> Risk reward ratio: 3:1
Always trade with affordable risk and respect your stoploss.
Good Luck
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.
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.