Get ready, wolves🔥
One more triangle for today.
There is a Symmetrical Triangle on AUD/NOK currency pair.
The price was in a slight Bullish trend before this huge consolidation.
Will it be a good confirmation for bulls to go long.
However do not rush the trade.
Just follow the chart and look for the clear breakout....
Tired of small frame?! Here is the symmetrical triangle on 1D timeframe on AUDNOK instrument.
There was a slight bullish sentiment before. After that the price entered into consolidation and has drawn symmetrical triangle.
Interesting formation to make money.
Follow the chart and look for the best entering price...
Tired of small frame?! Here is the symmetrical triangle on 1D timeframe on AUDNOK instrument.
There was a slight bullish sentiment before. After that the price entered into consolidation and has drawn symmetrical triangle.
Now the price made possible breakout of resistance zone . However it is not too late to earn money on this trade.
According to Elliott Waves...
*AUDNOK
*breakout done
*entered on retest as marked in red circle
*targets & stoploss is mentioned in chart itself
*hope this chart pattern helps!
Thanks!
I am still a learner, expert views required!
We can look for an accurate Buy entry.
Reasons:
- the price is on the Upward Channel;
- the price can break the Support/Resistance Zone;
- the trend is bullish;
- potential profit will be in 3...5 times bigger than risk.
Dear followers, the best "Thank you" will be your likes and comments!
Before to trade my ideas make your own analysis.
Thanks for your support!
setup:
-elliot wave theory (corrective abc move after 5-wave impulse usually has support around the start of wave 4)
-stop loss fib confluence --> 0.382 of trading range and 0.13 extension off wave 4 to 5
-harmonic pattern
-fib confluence above target 1 --> t1
If the pattern is completed i will;
-look for entry at 6.36 given confirmation
-set stops below...
