Potential Setup
Needs confirmation (Inv. H & S Pattern in formation).
Watchout for Breakout
Short setup can be traded from bottom to the identified trendline
Watchout for breakout
Trade with stoploss
Ride the trend with trailing stop loss
We love to show one of our successful trades that have :
1- Performed to targets
2- Within the time frame
3- Tight stop loss (Risk-to-Reward > 10)
4- Confirm our hypothesis about TASI and the major macro trend pull
5- Confirm our approach to trading based on volatility funnels developed by Francis Hunt.
Here is the story,
The chart have been spotted first...
TADAWUL:1020 has just entered a decisive area (green area) .
I recommend to wait for a break of that area , that would be a high probability buy signal targeting the 1st target area .
There is a good potential to reach the second target area too if we do close above the 1st target area .
Right now the bullish momentum is slowing down a little so it is possible...
This analysis was based in the price action and we can tell that the next breakout will decide the market movement,
Stay in a watch out position,
Kind regards,
