BTTC | Bullish Divergence - Falling Wedge Ending Triangle?
Price action and chart pattern trading
> Local falling wedge ending triangle pattern within a global falling flag corrective ABC.
> Trade setup - entry @ falling wedge breakout downtrend line wave ii and iv.
> 1st target 0.786 - 1.0 upper resistance flag - upside +20%
> Stoploss @ the lowest falling wedge position zone - downside -10%
> Risk reward ratio: 2:1
Indicator:
1. Smart money volume support
2. Banker chip entry signal
3. Fundflow RSI reversal pattern coming out of the oversold zone
4. BBD signal - bullish divergence - just below the baseline
5. KDJ stochastic bullish divergence
Always trade with affordable risk and respect your stoploss
> Local falling wedge ending triangle pattern within a global falling flag corrective ABC.
> Trade setup - entry @ falling wedge breakout downtrend line wave ii and iv.
> 1st target 0.786 - 1.0 upper resistance flag - upside +20%
> Stoploss @ the lowest falling wedge position zone - downside -10%
> Risk reward ratio: 2:1
Indicator:
1. Smart money volume support
2. Banker chip entry signal
3. Fundflow RSI reversal pattern coming out of the oversold zone
4. BBD signal - bullish divergence - just below the baseline
5. KDJ stochastic bullish divergence
Always trade with affordable risk and respect your stoploss