GVT nice breakout from falling wedge corrective pattern, after this breakout price have been on bullish channel.
Presently we have some bearish divergence formation which may take price down to our buy zone area.
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
GREEN: SELL TARGETS
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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Presently we have some bearish divergence formation which may take price down to our buy zone area.
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
GREEN: SELL TARGETS
Join our discussion room for more about our trading signals.
Please do click on like icon and share our idea.
Thanks.
Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
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GVT completed 5waves and its in corrective mode, potential buy zone is stated on the chart.
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We are in corrective wave ABC
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