Ascending triangle pattern | Accumulation zone

14 thg 7, 2023

Hi traders,

Ascending triangle pattern in Weekly timeframe.
The current market is at Weekly support, if a 4H candle closes above 82.1400 can expect a bulls in the market.

The risk : reward ratio is 1:3 which is a good trade.

Fed meeting is on 26 July 2023, and expected to raise the interest rates by 0.25.

14 thg 7, 2023

Giao dịch đang hoạt động

4H candle has closed above 82.1400

2 thg 8, 2023

Ghi chú

CMP is 82.7750 , about to hit the target 82.8120

3 thg 8, 2023

Ghi chú

close the position if the 4H candle closes below 82.6400,

Reason :: If a 4H candle closes below 82.6400 the market can go down for a correction. So better to close the position and re-enter later.

4 thg 8, 2023

Đóng lệnh: đạt mục tiêu

:-)