Trading strategy 1 (Blue arrow)
If price holds above C point,
take long with small SL at support level.
Trading strategy 2 (Red arrow)
If price break-out potential neck line,
take long when price is corrected.
Also if price break out B point,
we may consider BAMM of harmonic pattern.
Both Strategies have great RR ratio, around 4~5.
If price holds above C point,
take long with small SL at support level.
Trading strategy 2 (Red arrow)
If price break-out potential neck line,
take long when price is corrected.
Also if price break out B point,
we may consider BAMM of harmonic pattern.
Both Strategies have great RR ratio, around 4~5.
Trade closed: target reached
strategy 2 position closed as target reached
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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.
Related publications
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.