• Price Created The Bullish Continuation Pattern (Falling Wedge) Starting 2nd February 2023 Till 25th May 2023. • While Creating This Pattern, The Price Reacted & Bounced Back From 0.786 Fibonacci Level 26th May 2023 Suggesting The Retracement Been Completed. • 30th May 2023 The Price Broke The Falling Wedge Trendline Followed By Minor Correction On 1st June 2023. • I Prefer To Enter It On 1st June 2023 Opening & Since Then Price Move Upwards & Reached Its Peak On 27th June 2023 Simultaneously Completed The Double Top Pattern Signalling/Hints A Potential Reversal To The Downwards. I Sees It As A Minor Correction Before The Price Goes Higher • During The Downwards Movement, Price Reacted & Bounced Back From 0.618 Fibonacci Level. If You Entered On 6th July During The Retracement, Potential Gain Of 9.32% @ Usd 0.88 Been Achieved • Now The Price Is Testing The Previous Double Top Pattern & Successfully Breaks It Only By A Shadow On 13th July 2023. • Nevertheless, The Downside Risks Always Exists. Always Trade With A Proper Risk Management & Stop-Loss Intact.
Trading Strategy: [List] * [/List]Entry At Usd 9.17 (1st June 2023 Opening Price) Take Profit Price: -Tp 1 : Usd 10.86 @ 18.54 % Of Potential Profit/Return -Tp 2 : Usd 12.22 @ 33.26% Of Potential Profit/Return
Cut-Loss : Usd 8.57 @ 6.54 % Of Potential Losses
[List] * [/List]Entry At Usd (7th July 2023 Opening Price) Take Profit Price: -Tp 1: Usd 10.86 @ 15.01 % Of Potential Profit -Tp 2: Usd 12.22 @ 29.18 % Of Potential Profit
Cut-Loss : Usd 9.05 @ 4.33% Of Potential Profit
-]Always Trade With Your Stop-Loss Intact! -Trade At Your Own Risk (T.A.Y.O.R.)
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