Technically in 30m TF show price action in Ascending Channel.
Within an ascending channel, price does not always remain entirely contained within the pattern’s parallel lines but instead shows areas of support and resistance that can use to set stop-loss orders and profit targets.
If price closed breakout above an ascending channel can signal a continuation of the move higher, while a price closed breakdown below an ascending channel can indicate a possible trend change.
Ascending channels show a clearly defined uptrend. Can swing trade between the pattern’s support and resistance levels or trade in the direction of a breakout or breakdown.
Can use EMA50 & EMA10 as supprt too.
#Swing
#TAYOR PASUKGB
Within an ascending channel, price does not always remain entirely contained within the pattern’s parallel lines but instead shows areas of support and resistance that can use to set stop-loss orders and profit targets.
If price closed breakout above an ascending channel can signal a continuation of the move higher, while a price closed breakdown below an ascending channel can indicate a possible trend change.
Ascending channels show a clearly defined uptrend. Can swing trade between the pattern’s support and resistance levels or trade in the direction of a breakout or breakdown.
Can use EMA50 & EMA10 as supprt too.
#Swing
#TAYOR PASUKGB
Trade closed: stop reached
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