ENAUSD – Ascending Triangle SetupPrice is respecting a rising trendline and currently bouncing from the golden fib pocket (0.618 zone). Structure remains bullish, forming a large ascending triangle on the higher timeframe – a reliable continuation pattern.
Trade Plan
Entry 1 (Early): Buy the dip at the rising trendline + fib support
Entry 2 (Late): Buy the confirmed breakout above the triangle resistance
Target: 50–65% move higher based on triangle measured move
Stop: Below the ascending trendline / fib invalidation
Supporting Signals
Bounce from fib pocket & trendline
Impulsive daily pin bar reaction
Volume divergence showing accumulation
Trade active
Buy zone reached, entering here.Note
Huge impulsive daily bullish pin bar candle, bounce off rising trendline:Note
Still in this trade, descending wedge forming and still huge divergence between price and all exchange volume going on.
If we tag 0.60 area and then move back upwards, then we will have formed a HTF bullish ascending box shape.
If we go below 0.60 and stay there for more than a day, then this will negate this trade.
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.
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.