Descending Triangle Pattern
Hello traders, as we can see from 4 hour timeframe a descending triangle pattern is formed and possibility bearish trend will continue.
There's two scenario here for entry:
No. 1: We are waiting for price to breakout at support zone 1 and for TP at support zone 2.
No. 2: Set sell limit at resistance zone 1 and for TP at support zone 2.
However if price breakout at resistance zone 1, focus buy and TP at resistance zone 2.
Dear traders,take care of your money management and may this technical analysis help you
Hello traders, as we can see from 4 hour timeframe a descending triangle pattern is formed and possibility bearish trend will continue.
There's two scenario here for entry:
No. 1: We are waiting for price to breakout at support zone 1 and for TP at support zone 2.
No. 2: Set sell limit at resistance zone 1 and for TP at support zone 2.
However if price breakout at resistance zone 1, focus buy and TP at resistance zone 2.
Dear traders,take care of your money management and may this technical analysis help you