hi traders
After successful breakout , On 27 of October, the price retested previous downsloping resistance as a support and has started a new uptrend.
Currently the price is moving inside the ascending broadening wedge pattern.
Our strategy is to enter the long position at the upsloping support (blue trendline).
Target for longs: 42,57 $
If the price breaks below 36,40 $, we will close the long position as it would be an invalidation of the current uprent.
Good luck
After successful breakout , On 27 of October, the price retested previous downsloping resistance as a support and has started a new uptrend.
Currently the price is moving inside the ascending broadening wedge pattern.
Our strategy is to enter the long position at the upsloping support (blue trendline).
Target for longs: 42,57 $
If the price breaks below 36,40 $, we will close the long position as it would be an invalidation of the current uprent.
Good luck
Trade active:
the price bounced on the support and is going higher.
Trade closed: target reached:
Textbook. Everything exactly as expected. Target reached
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