TA:
- Structure support well with a fakebreakout and tail
- Falling wedges breakout trade (conservative)
- retracement golden zone with structure support
- indicator indicate the wave 2 is end with OBV raising and divergent
TP:
- even is 3rd wave formation but I be conservative due to the multiple resistant structure that hold strongly
Conclusion:
I would like to breakout the structure resistant, but I got anthoer setup which may serve better possibility. Based on the RR I will tp for 100% wait for the chart tell you story for next action.
TRADE with RISK MANAGEMENT!!!
I am an individual trader, based on personal analysis.
Welcome to share your ideas and let's improve
- Structure support well with a fakebreakout and tail
- Falling wedges breakout trade (conservative)
- retracement golden zone with structure support
- indicator indicate the wave 2 is end with OBV raising and divergent
TP:
- even is 3rd wave formation but I be conservative due to the multiple resistant structure that hold strongly
Conclusion:
I would like to breakout the structure resistant, but I got anthoer setup which may serve better possibility. Based on the RR I will tp for 100% wait for the chart tell you story for next action.
TRADE with RISK MANAGEMENT!!!
I am an individual trader, based on personal analysis.
Welcome to share your ideas and let's improve
Comment:
It seen like we have a breakout trade, wait for retracement and ride the wave.
Trade closed: stop reached