PERP Bull Flag
1H analysis
Bull flag formation started at a clearly formed pole. The channel is respected thoroughly and inside that channel we have a confuence area that supports the price midway . Area formed by the kumo cloud, POC and 0.23 Fib.
We also have a rejection area just before the 0.618 that can push the price back in the range (possibility to wick to it)
The possible trade has a RR of 2 to 1 . Trade can be taken on spot or low leverage.
Average entries near POC would be ideal.
Bull flag formation started at a clearly formed pole. The channel is respected thoroughly and inside that channel we have a confuence area that supports the price midway . Area formed by the kumo cloud, POC and 0.23 Fib.
We also have a rejection area just before the 0.618 that can push the price back in the range (possibility to wick to it)
The possible trade has a RR of 2 to 1 . Trade can be taken on spot or low leverage.
Average entries near POC would be ideal.
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