TenXPAY descending wedge going towards previous lows.
Updated
So looking at this simple set up we have some trigger points to buy depending on how the price action plays out.
So if the candles hit down and back up inside the wedge and breaks through you can place a buy trigger on the tick up to the break.
A buy range is the area of the blue rectangle.
Set a stop loss accordingly.
So if the candles hit down and back up inside the wedge and breaks through you can place a buy trigger on the tick up to the break.
A buy range is the area of the blue rectangle.
Set a stop loss accordingly.
Note
After popping out of the wedge and surging towards the upside PAY tested some resistance which it failed to break and a huge candle down broke and hit the red dashed support I have on there! If we see a nice bounce away from the red support another chance to buy in.*not financial advice just insight*
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