SL base on previous pinbar and trendline. TP base on previous supply zone. (The trendline is kinda risky).
Simple strategy. Let's see how it goes.
Just a note for me. Don't consider following it.
If price break the green line with a decisive candle, then go long. Otherwise, wait.
For Breakout: Waiting for a decisive up candle to confirm the breakout. If price make it back to the bottom of the ascending triangle, then waiting for some other signs, don't just assume it will respect the triangle. Market has been a wild animal and forever shall be.
Price bounced up 2 times from the demand zone. Also respecting the trendline of 4 months old.
Price is showing a sign of respecting the High from 22 Jun 2018, also seems like there is a falling wedge forming.
Seems like price is struggle making new high.
Looks like a falling wedge is forming. If true, price will move quite strong. Also, have a sign of respecting the previous supply zone. Anyways, RR is 3.24, good enough.