I am looking to buy the breakout of this structure to the upside.
We have a nice curve pattern acting like a resistance and price is currently developing in a bullish flag.
I will only consider buying the pair whenever the price is beyond the curve and above the flag.
My 1st target will be the former resistance which stopped the price multiple times over the week.
In case it breaks to the downside my trade will be cancelled.
***Trade with care and at your own risk***
We have a nice curve pattern acting like a resistance and price is currently developing in a bullish flag.
I will only consider buying the pair whenever the price is beyond the curve and above the flag.
My 1st target will be the former resistance which stopped the price multiple times over the week.
In case it breaks to the downside my trade will be cancelled.
***Trade with care and at your own risk***
Order cancelled
Note
For those who are interested in this pair, the 38.2% entry was the PERFECT timing for me to go long. Broke the curve + flag, check it out !
Note
Too bad I missed this very good entry ;-)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.