- We have broken outside of the Orange Parallel Channel.
- We have confirmed the breakout
- Now we should see a move to the upside by a minimum of the size of Parallel Channel (which corresponds to 8% upside from here)
Target and stop loss is indicated on the graph.
Cheers!
Trade closed: target reached
Took a while, but we got there.Note
Suboptimal Stop entry due to BTC movement, however, the short-term pattern still prevailed.
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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.