ICP is forming a triangle formation with lower highs, and higher lows. This sometimes indicates that the market is indecisive of which direction to take.
I only trade these breakouts on confirmation of a closing candle, in this case the 1hr.
I will be looking at the AO to ensure a bullish cross up to 0.00
Also looking at the alligator green 'Lips' to cross over the blue 'Jaw' line all while it breaks the formation. Then I will enter a long trade.
**Disclaimer - not financial advice, please trade with caution and DYOR.
Any insight is very much appreciated.
I only trade these breakouts on confirmation of a closing candle, in this case the 1hr.
I will be looking at the AO to ensure a bullish cross up to 0.00
Also looking at the alligator green 'Lips' to cross over the blue 'Jaw' line all while it breaks the formation. Then I will enter a long trade.
**Disclaimer - not financial advice, please trade with caution and DYOR.
Any insight is very much appreciated.