Bullish Mat Hold, continuation pattern on to 2000usd level
Simple technical and price action analysis.
The daily chart is showing very clear one of the best continuation patter, Mulish Mat Hold. The logic behind it, is that the price is being pushed up aggressively, than the sellers are tiring without success to pus the price down, but they can not even push it to the open of the previous green candle, for three consecutive failed attempts. And then, the next green candle is being formed again aggressively, pushing the price to new highs.
On H1 there is another nice FLAG continuation pattern formed.
There are 2 possible entries
1, Aggressive but with a good RR at the break of the Flagg pattern on H1 time frame
2, Conservative at the break of the highest point from the flag pattern on H1 time frame.
TP you can go aggressively under 2000USD level.
Don't Stumble Trading. Trade Safe!
The daily chart is showing very clear one of the best continuation patter, Mulish Mat Hold. The logic behind it, is that the price is being pushed up aggressively, than the sellers are tiring without success to pus the price down, but they can not even push it to the open of the previous green candle, for three consecutive failed attempts. And then, the next green candle is being formed again aggressively, pushing the price to new highs.
On H1 there is another nice FLAG continuation pattern formed.
There are 2 possible entries
1, Aggressive but with a good RR at the break of the Flagg pattern on H1 time frame
2, Conservative at the break of the highest point from the flag pattern on H1 time frame.
TP you can go aggressively under 2000USD level.
Don't Stumble Trading. Trade Safe!
Trade closed: stop reached