Ascending triangle on the 15m chart
This pattern that is in play on the 15m is the same as the pattern seen from the 25th Nov to the 29th of Nov on the 1hr chart
RSI on support line on the 1D chart
1HR macd just crossed over into a buy signal
R/R = 4.95
looking for a explosive move up followed by a slow deterioration of price action back down to these levels or lower
This pattern that is in play on the 15m is the same as the pattern seen from the 25th Nov to the 29th of Nov on the 1hr chart
RSI on support line on the 1D chart
1HR macd just crossed over into a buy signal
R/R = 4.95
looking for a explosive move up followed by a slow deterioration of price action back down to these levels or lower
Comment:
Dont usually go fro longs close to horizontal resistance, but given the bounce off diagonal support and the tight stop and the high R/R i would partake in this trade