It appears that an ABC pattern has formed on the chart, with wave B being a completed diametric pattern. We are now only looking for an entry opportunity for a buy/long position, with the low-risk zone highlighted in green on the chart.
The targets are also marked on the chart.
A 4-hour candle closing below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
The targets are also marked on the chart.
A 4-hour candle closing below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trade active
In the end, this setup although it took a while did its job.After our entry,
it reached our first target without touching the invalidation level, and pumped more than 10% 🔼 from the upper edge of the green zone.
Here is where the importance of choosing the right invalidation level becomes clear!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Join our Telegram channel to succeed in trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
