Price action and chart pattern trading setup > possible upcoming bullish dragon harmonic pattern > recommended entry at falling wedge breakout > 1st target at 0.618 Fibonacci retracement at dragon hump zone near volume profile key resistance > 2nd target at dragon head zone for medium term trading > 3rd runtrend for dragon tailswing above 1.0. > stoploss at dragon front feet near the lowest candlestick > risk reward ratio 3:1 for medium-term trade
Indicator: > bullish RSI above MA line approaching 50 for a strong uptrend signal > MACD golden crossed signal line just below baseline 0 - improving in momentum
always trade with affordable risk and respect your stoploss