As you can see DEXT has been in a rising channel until it eventually gave the breakout pattern after touching Supply Zone marked by the red rectangle afterwards price got rejected. Please take this area as our Take Profit zone.
We have a perfect triangle formed making lower highs consistently now it's about to burst. So we either get:
Please note this is a long term set up. Manage risk accordingly. I'll update situation when price makes a relevant move according to our idea here.
Regards,
Kina ❤️
We have a perfect triangle formed making lower highs consistently now it's about to burst. So we either get:
- Breakout upwards wait for a re-test and enter long.
Target would be: 0.85 area
- Breakdown and wait for a re-test and enter short.
Target would be: 0.45 to 0.47 area
Please note this is a long term set up. Manage risk accordingly. I'll update situation when price makes a relevant move according to our idea here.
Regards,
Kina ❤️
Trade closed: target reached:
Breakdown Target reached. Good trade!