Trade setup : Bullish breakout from Ascending Triangle could signal a bullish trend reversal with near-term upside to $40-$43 resistance zone. That's a stiff resistance area as it also lines up with 200-day moving average. Overall, price remains in a downtrend until it breaks back above that 200-day MA.
Pattern : Ascending Triangle which is a continuation...
GMX is going up after the pullback
🔵Entry Zone 54.75 - 57.19
🔴SL 50.74
🟢TP1 62.09
🟢TP2 72.10
🟢TP3 89.48
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your...
GMX has broken above the channel, after the pullback it will continue the trend
🔵Entry Zone 53.44 - 55.45
🔴SL 50.33
🟢TP1 59.28
🟢TP2 66.84
🟢TP3 74.88
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you...
According to the wave count of the GMX chart, we can consider a triangle or diametric scenario for this coin.
We now seem to be in wave e of D.
Whichever of these scenarios is going on, the red flip range is the range where we are looking for sell/short positions.
We marked the targets on the picture. We also specified the invalidation level, closing a daily...
I think it's obvious what GMX is doing. Closing candle above 59.5 will be huge confirmation but closing where is it now is fine too. I will be Taking Profits at those green lines.
