Weekly - moving in an ascending triangle.
Daily - double bottom formation with doji candlesticks.
Can enter once the trendline (pink colour) is broken.
SL could be 200EMA or long term trendline (RED colour) based on your risk apetite on a weekly chart.
RR is pretty good.
Daily - double bottom formation with doji candlesticks.
Can enter once the trendline (pink colour) is broken.
SL could be 200EMA or long term trendline (RED colour) based on your risk apetite on a weekly chart.
RR is pretty good.
Note
19July21: forming a descending triangle at the bottom of trend (consolidation), a sign of bullishness, with an increase in volume. Hold Tight!Trade closed: stop reached
SL hit. Trade closed
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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.