1H trend chart
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Price has been consolidating in two descending wedges.
Now, it broke out the first upper downtrend line, and still have another(orange line) needed to be taken out.
And there is a potential double bottom pattern forming.
If price can stand firm at 34.8, trading strategy as below.
*Notice the long-term downtrend line will show resistance
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Profit Targets:
a) 36.13~36.67----Fib(1.272~1.382)
b) 37.83----Fib(1.618)
c) 39.7-----Fib(2)
Stop losses:
a) 31.64----Red horizontal line
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🌔Signal channel: t.me/tradingdiary_cat
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💡Sign up through link
→Join Teaching Group for free!(PM me)
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
