The fractal seems to be in play now, at the moment we can see a good triangle in the making. If that breaks to the upside, we could see a another big rally. If this triangle breaks up, i will increase my previous long position. Trying to play the long game on this one. I will take profit 50% towards that resistance zone, wait to see what will happen after and try to increase again at a later stage.
Don't forget to like if you appreciate this :)
Previous analysis:
Don't forget to like if you appreciate this :)
Previous analysis:
Comment:
Bam, there it is :) Very good strong breakout. If we see this continue towards the red resistance, i will watch a bit to see how things go before taking that 50% profit. Maybe use a stop of like 2 points, just in case it just shoots right through it. So i am not changing my plan, but risk 1/3 points just in case we break the resistance straight away.
Want to support me? My affiliates:
partner.bybit.com/b/botje12
onelink.to/quantfury
Add invite code AFTER signing up, bonus up to $250: 4JU345F3
1 trade, 30 day wait, to claim bonus
www.kucoin.com/r/af/rMQN2A5
partner.bybit.com/b/botje12
onelink.to/quantfury
Add invite code AFTER signing up, bonus up to $250: 4JU345F3
1 trade, 30 day wait, to claim bonus
www.kucoin.com/r/af/rMQN2A5