SRM has made a nice bullish triangle over the lat couple of weeks for us to trade. This trade is not based on a break-out pattern yet, but more like a continuation of the triangle in the near future.
In case the price fails to break the triangle, this trade becomes active. I'm expecting the price to fall back towards the triangle support, after which it will rise again.
Before entering this trade wait for the price to touch the Entry line. Higher time frames yield a higher predictive power.
On the chart Iâve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.
Happy trading!
In case the price fails to break the triangle, this trade becomes active. I'm expecting the price to fall back towards the triangle support, after which it will rise again.
Before entering this trade wait for the price to touch the Entry line. Higher time frames yield a higher predictive power.
On the chart Iâve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.
Happy trading!
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