Hey guys,
Based on the previous volumes of the session, we can possibly determine the current pattern.
As you can see, a bearish and a bullish peak formed at two levels creating a resistance and a support, suggesting we could have a megaphone pattern.
Following this idea, it should be interesting to place a buy order at these levels and target the top of this pattern!
The R/R of this trade is slightly above 2. My target is around 1176.60 levels.
If you like my ideas please drop a comment or just show some love ;)
Trade with care!
Cheers
Jesse
Based on the previous volumes of the session, we can possibly determine the current pattern.
As you can see, a bearish and a bullish peak formed at two levels creating a resistance and a support, suggesting we could have a megaphone pattern.
Following this idea, it should be interesting to place a buy order at these levels and target the top of this pattern!
The R/R of this trade is slightly above 2. My target is around 1176.60 levels.
If you like my ideas please drop a comment or just show some love ;)
Trade with care!
Cheers
Jesse
Trade closed manually
Taking profits on bearish volume coming in
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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.