The market bounced off support and is currently experiencing a pullback through an engulfing candle. If the price hits support and breaks out of the descending triangle, the price would retest the former area of known resistance.
Entry: 0.05733424
Target: 0.065-0.075-0.087
SL: 0.04701561
The setup would be invalidated if the price fails to break out of the descending triangle
Entry: 0.05733424
Target: 0.065-0.075-0.087
SL: 0.04701561
The setup would be invalidated if the price fails to break out of the descending triangle
Note
ENTRY doneTP1 hit
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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.