Price action and chart pattern trading
> Now the price reaches the downtrend at 0.786 retracement and T1 Head and shoulders target with a hammer candlestick, followed by a doji.
> The candlestick pattern is consolidating within the downtrend ABC correction and starting to squeeze under the upper resistance.
> A possible breakout scenario for long entry, we could wait for price to retest its low.
> Target SMMA50 and SMMA200
> Stoploss @ the candlestick hammer wick or the price could come down to 2.0 area
> RRR: 2:1
If breakout successfully, the value area of $2.8-3.0 will become the support for the price in the near future.
Always trade with affordable risk and respect your stoploss, nothing is 100%.
> Now the price reaches the downtrend at 0.786 retracement and T1 Head and shoulders target with a hammer candlestick, followed by a doji.
> The candlestick pattern is consolidating within the downtrend ABC correction and starting to squeeze under the upper resistance.
> A possible breakout scenario for long entry, we could wait for price to retest its low.
> Target SMMA50 and SMMA200
> Stoploss @ the candlestick hammer wick or the price could come down to 2.0 area
> RRR: 2:1
If breakout successfully, the value area of $2.8-3.0 will become the support for the price in the near future.
Always trade with affordable risk and respect your stoploss, nothing is 100%.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.