Falling wedge. Price currently at the bottom of Bollinger Band. Stoch RSI is oversold. RSI is showing a bullish divergence. I can see two support areas. The first one is marked with orange and the second one is marked with yellow. A safe trade entry could be once the falling wedge has a breakout. I took a risky chance and already entered the trade. My SL would be if yellow support area is broken. My TP would be just slightly below 68.80% Fib level.
My trade details:
Entry = 0.00040495
TP = 0.00042150
SL = 0.00039800
Constructive criticism would be appreciated.
My trade details:
Entry = 0.00040495
TP = 0.00042150
SL = 0.00039800
Constructive criticism would be appreciated.
Trade closed: stop reached