Hi Traders,
I was fortunate to enter this trade in the beginning of this bullish candle.
Having reviewed the structure, to find a profit taking level, I have acknowledged we have hit the main target based on the structure (below) target, based on Height.
However the indicators show more to the upside on the 8 hrly and daily so I'll hold and see if it takes this path as per my notes.
Observation:
==========================================
Potential 2 channels
1st channel where price is now testing the top of the channel as support or
the red lines as part of the more inclined channel, showing room to the upside.
You can argue this is also an expanding wedge.
Note the RSI and MACD with a bullish posture.
All the best,
S.SAri
Note the x.618 extended fib levels
I was fortunate to enter this trade in the beginning of this bullish candle.
Having reviewed the structure, to find a profit taking level, I have acknowledged we have hit the main target based on the structure (below) target, based on Height.
However the indicators show more to the upside on the 8 hrly and daily so I'll hold and see if it takes this path as per my notes.
Observation:
==========================================
Potential 2 channels
1st channel where price is now testing the top of the channel as support or
the red lines as part of the more inclined channel, showing room to the upside.
You can argue this is also an expanding wedge.
Note the RSI and MACD with a bullish posture.
All the best,
S.SAri
Note the x.618 extended fib levels
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
