Possible Reversal Weekly resistance (pink rectangle with red borderline) + Ascending triangle + Divergence
Only if price breakouts from ascending triangle with a clear price action confirmation and any additional confluence such as Fib, EMA's or S/R levels, I will take this trade.
Adjust your SL and entry accordingly to your own risk and strategy.
All comments are appreciated!
Om Shanti Om!
Dynamicresistance
Possible Short AnalysisWaiting for clear breakout of H4 Trendline (Green diagonal line) and also clear breakout from weekly support (pink horizontal line) + Clear PA confirmation/reaction before entering this trade. If not, then I won't take this trade! .....So far we only have a small divergence but no clear reversal confirmation/pattern. BEWARE!... the beast might get out!
2 possible TP + 1 Possible re-entry, marked on chart
Good R&R.
All comments are welcome here!
Peace Out!

