Greetings All!
After a breakdown of key level resistance 30$ the price gains strength to go on to grow. Now we can se the Equilateral triangle. Target and Stop loss level you can find on the chart. And I suggest 2 Entry point.
1. Agressive entry shoud be in the middle of this pattern 31,5$ - 32$ until a breakdown. In this case you will have short enough Stop loss (31$, 90 pips). EP - 32$, SL - 31,1 (90 pips), TP - 36,5 (450 pips) Ratio ~ 1:5..
2. Safe EP. We wait for breakdown of pattern and for a new high 33$. In this case you should put up Stop loss in the middle of triangle 31,5$ (150 pips). EP - 33$, SL - 31,9 (110 pips), TP - 36,5 (350 pips) Ratio ~ 1:3.
Profit All of you!
After a breakdown of key level resistance 30$ the price gains strength to go on to grow. Now we can se the Equilateral triangle. Target and Stop loss level you can find on the chart. And I suggest 2 Entry point.
1. Agressive entry shoud be in the middle of this pattern 31,5$ - 32$ until a breakdown. In this case you will have short enough Stop loss (31$, 90 pips). EP - 32$, SL - 31,1 (90 pips), TP - 36,5 (450 pips) Ratio ~ 1:5..
2. Safe EP. We wait for breakdown of pattern and for a new high 33$. In this case you should put up Stop loss in the middle of triangle 31,5$ (150 pips). EP - 33$, SL - 31,9 (110 pips), TP - 36,5 (350 pips) Ratio ~ 1:3.
Profit All of you!