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
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.