6M! forming Ascending Triangle, sign of accumulation
Market Structure:
- 6M has been in consolidation since late of March, and currently it is forming Ascending Triangle pattern in low and high Timeframe
- Ascending Triangle with higher Lows and same Highs at 0.0421, which is bullish pattern
- 6M has plunge 28.6% from the High, with now trading at record Low in history
Strategy:
- Enter Long at first pullback when successfully breakout above R1
- Target Profit before R2 at 0.0455
Notes: Purely trade based on chart pattern and market structure, no indicators involved.
- 6M has been in consolidation since late of March, and currently it is forming Ascending Triangle pattern in low and high Timeframe
- Ascending Triangle with higher Lows and same Highs at 0.0421, which is bullish pattern
- 6M has plunge 28.6% from the High, with now trading at record Low in history
Strategy:
- Enter Long at first pullback when successfully breakout above R1
- Target Profit before R2 at 0.0455
Notes: Purely trade based on chart pattern and market structure, no indicators involved.
Comment:
Price moving in desire direction.