Looks like a nice setup. risk to reward is atleast 2:1 and we just need to wait for a breakout to open positions. As you can see the first attempt was a fake out. There was a close above the resistance, but it is important to have a full candle body above the resistance. Wait for a breakout with a full candle body above the line to enter a position.
Ascending triangles have a possibility to break down so we can trade either way.
Will update when in position.
Ascending triangles have a possibility to break down so we can trade either way.
Will update when in position.
Comment:
loving the behavior of etc (forming triangle below the resistance. id say we break up anytime now
Comment:
breakout in progress. Rsi is cooled off. Good stuff. Waiting for more confirmation
Comment:
too much sell pressure above that line. Not taking a long right now
Comment:
ETC trying again. lets see how it responds this time
Comment:
its consolidating above the line right now, interesting
Trade active:
ladies and gentlemen, we have a breakout.
Trade active:
buying this dip
Trade active:
Targets ETC are 30 & 39. Stop loss is 21.5
Trade closed: stop reached