Price action and chart pattern trading setup
> Falling wedge breakout with a strong bullish candle.
> Pullback/entry at dip recommendation to avoid chasing price where no built-up candlestick or squeeze area support.
> Target at volume profile main point of control 0.786-1.0 retracement zone
> Risk ratio : 2: 1 for medium-term trade
> Stop loss at the lowest position of the falling wedge
Always trade with affordable risk and respect your stoploss
> Falling wedge breakout with a strong bullish candle.
> Pullback/entry at dip recommendation to avoid chasing price where no built-up candlestick or squeeze area support.
> Target at volume profile main point of control 0.786-1.0 retracement zone
> Risk ratio : 2: 1 for medium-term trade
> Stop loss at the lowest position of the falling wedge
Always trade with affordable risk and respect your stoploss
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.
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.