Long
WAVES🌊 channel breakout
WAVES is currently @ yellow uptrendline support. On the weekly chart👇 TD Sequential printed red "9" few bars ago which indicates reversal to the upside.
Price seems to be ready to break up this violet downward channel and if successful I think there is chance for run to the yellow downtrendline, so chart would form sort of huge triangle then. Resistances (white) along the way. Now I'm waiting for the violet channel breakout. Let's make some 🌊WAVES🌊!
ENTRY: violet channel break up
STOPLOSS (SL): swing low @ 11.42
TARGET (TP): yellow downtrendline @ 30-27
REWARD RISK RATIO ( RRR ): ~4
INVALIDATION: when SL level hit
My previous WAVES ideas 👇
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Price seems to be ready to break up this violet downward channel and if successful I think there is chance for run to the yellow downtrendline, so chart would form sort of huge triangle then. Resistances (white) along the way. Now I'm waiting for the violet channel breakout. Let's make some 🌊WAVES🌊!
ENTRY: violet channel break up
STOPLOSS (SL): swing low @ 11.42
TARGET (TP): yellow downtrendline @ 30-27
REWARD RISK RATIO ( RRR ): ~4
INVALIDATION: when SL level hit
My previous WAVES ideas 👇
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Order cancelled
No trade as the violet trendline has not been significantly broken. Actually it pushed the price down hard thru the yellow uptrendline. I revised the violet channel. Not considering going long until it's broken up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.