- Double bottom is identified
- I put entry order if the candle is closed inside or above the neckline (for confirmation)
- Target is the height of the neckline
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This is not an advice, do your own research 🙌
Today is my first 16 days of swing trading.
As you might see on my previous long setup, I have so many failures.
But I enjoy learning this trading thing 😁
I take a different approach from my previous long positions.
1. Focus on daily chart instead of hourly chart
2. Focus on smaller risk than a larger reward
3. Identifying area of value first (...
This is based on what I have learned on my failed setup (linked below).
I have lower my target profit.
It's not a good risk reward ratio, but we will see.
Btw, I have wrote my own pinescript to detect pin bar candlestick hehe.
As you can see, the symmetrical triangle is formed.
The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point.
So, is it breakout or breakdown?
Because there is uptrend in 4H timeline, I'm goind to catch that first.
And i've adjust my stop loss more tight, to make sure that my hypothesis stands still.
Hopefully the market pick my order up.
Previous ideas linked below.
Previously I take profit 9.34% from my previous position, linked below.
Looking from daily chart, I think it will possible BNB will reach 4.9M in the next 2-3 days.
I will set back my entry to 399K because it is possible that BNB will correct again first before continue to go up.
Hopefully the market will pick me up and reach the target.
Let's do it!
Previous version is linked below.
The pattern got invalidated and my order is picked up 😅
1. Place trade only if see confirmation, don't rush setting the limit
2. Readjust the pending order if the pattern is invalidated, so i'm not depends on small probability
I will create a Google Form using the following questions, and I will force myself to...
I found symmetrical triangle in a 1H timeframe of BNBBIDR
2 High Lows
1 Low Highs
If the next LH is following the pattern, then the breakout will be the size
of the pattern height.
I place stop-limit pending order.
Hopefully, the market will pick me up, and bring me to the target 🚌🚌🚌🎯
If not, then no problem 😃👍