Price action and chart pattern trading > Local falling wedge ending triangle pattern within a global falling flag corrective ABC. > Trade setup - entry @ falling wedge breakout downtrend line wave ii and iv. > 1st target 0.786 - 1.0 upper resistance flag - upside +20% > Stoploss @ the lowest falling wedge position zone - downside -10% > Risk reward ratio: 2:1
Indicator: 1. Smart money volume support 2. Banker chip entry signal 3. Fundflow RSI reversal pattern coming out of the oversold zone 4. BBD signal - bullish divergence - just below the baseline 5. KDJ stochastic bullish divergence
Always trade with affordable risk and respect your stoploss