Weekly - moving in an ascending triangle.
Daily - double bottom formation with doji candlesticks.
Can enter once the trendline (pink colour) is broken.
SL could be 200EMA or long term trendline (RED colour) based on your risk apetite on a weekly chart.
RR is pretty good.
Daily - double bottom formation with doji candlesticks.
Can enter once the trendline (pink colour) is broken.
SL could be 200EMA or long term trendline (RED colour) based on your risk apetite on a weekly chart.
RR is pretty good.
Comment:
19July21: forming a descending triangle at the bottom of trend (consolidation), a sign of bullishness, with an increase in volume. Hold Tight!
Trade closed: stop reached:
SL hit. Trade closed