1- The price action has broken out of the rectangle with having bullish divergence earlier.
2- There are two setups that trade can be taken
a) buy limit which I am taking with SL defined as in the chart
b) Wait for the price to break the previous high for higher confirmation.
2- There are two setups that trade can be taken
a) buy limit which I am taking with SL defined as in the chart
b) Wait for the price to break the previous high for higher confirmation.
Order cancelled
It did not hit our buy limit.Note
Setup looks good like this now:
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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.