CHFDKK trade ideas
CHFDKK-1HR-TF- BULLISH FLAGThe bull flag pattern is a continuation chart pattern that facilitates an extension of the uptrend. The price action consolidates within the two parallel trend lines in the opposite direction of the uptrend, before breaking out and continuing the uptrend. No sign of divergence so, we can easily rely on continuation pattren. Dow theory and reversal pattren will not play their role.
BUY STOP VALUES:
EP: 7.5571
SL: 7.5185
TP1 = 7.5957
TP2 = 7.6343
Check it OutWassup, wolves🔥
There is a ready to trade formation for you!
The price is slightly falling on a bigger frame.
It could be a good signal for bear-traders.
According to Elliott Waves theory all the waves are done and now the price is heading to the breakout.
However do not rush the trade and look for breakout.
There was a bearish fakeour already.
Follow the chart and look for the best price to enter carefully.
According to the situation on the market we do not predict price direction, we should react according to the breakout.
_____________________________________________________
If you enjoy my FREE Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
Feel free to leave comments✉️
And always remember: "we don't predict, we react".
CHFDKK a correction to the downside? 🦐CHFDKK on the weekly chart has been inside a channel for the whole uptrend.
Lately the market has lost the positive momentum and price broke the daily structure in blue and test twice the weekly structure in red.
If the market will manage to break below the weekly structure we can set a nice short order according with our strategy.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.