DLavrov

EOSUSD: Example of Long Trade

Long
BYBIT:EOSUSD   EOSUSD Perpetual Contract
The price is moving sideways in the borders of a triangle chart patterns. It tells us about a consolidation period before a new price movement.

If the price breaks the upper line of the triangle, it will be a bullish signal. We will be able to open long positions with stop orders below the local swing low and the profit target at the resistance.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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Comments

Nice work my friend 🦐👏🏻
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What means a fake break out? Because when i look to your chart i see that but i dont know is this a sign it will break strong later or it is still to weak to break out?
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