This is follow up to the trade in related idea which ended with loss. I will be buying SC @ 0.02105, which is the upper edge of the support zone, as I expect the white falling wedge to be broken to the upside soon. Then we could see break up of the big yellow triangle which should lead to another upside move.
- ENTRY: support @ 0.02105
- SL: local low @ 0.0198
- TARGET: resistance @ 0.0247
- RRR: 3
- INVALIDATION: when SL level hit
Comment:
Zoom in to see the chart better. It got messed up by publishing.
Trade active:
Order filled ✔️
Comment:
Dipped bit lower than originally expected, but now we are back above the support
zone and also above the yellow trendline. The white falling wedge has morphed into downward channel which we are currently breaking out of. To sum up ... bullish 🐂
zone and also above the yellow trendline. The white falling wedge has morphed into downward channel which we are currently breaking out of. To sum up ... bullish 🐂
Trade closed: stop reached:
Hmm, this didn't go well. SL hit. Monitoring for new entries.
