WAVES🌊 tsunami

27 thg 1, 2023

Wassup guys! Waves broke the dam in form of this triangle📐 and I think there is chance for "splash" to 3.07 and even higher, but we could see some correction first. I traded the initial breakout but one can set BUY LIMIT order to previous range high to catch🎣 the potential pullback. As always ... don't chase the market, let the market come to you.

*ENTRY: local high @ 2.515
*STOPLOSS (SL): local low @ 2.315
*TARGETS (TP): height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 3.07 but I see also lower hurdles @ 2.82 and 2.95.
*REWARD RISK RATIO (RRR): 1.5 | 2.15 | 2.75
*INVALIDATION: when SL level hit


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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.

27 thg 1, 2023

Đóng lệnh: đạt mục tiêu

TARGET1 hit 🎯. No deeper pullback before. If price drops back into the triangle I may rebuy around 2.5 to ride it up once again.

28 thg 1, 2023

Đóng lệnh: đạt mục tiêu

TARGET1 hit, pullback. TARGET2 hit, pullback🎯. Beautiful...

2 thg 2, 2023

Ghi chú

So the TARGET2 been spot on. Check the huge correction when we dropped back to the entry level, triangle upper edge and even to the range midpoint @ 2.415. Now after breaking up the orange downtrendline it seems we could be headed up again. I will be buying if price drops to 2.48 to test the triangle upper edge. Target would be TARGET3 which is still to be hit.

3 thg 2, 2023

Ghi chú

Well the BUY LIMIT order @ 2.48 has not been filled as the market reversed bit sooner and went up big time without me adding to my exposure. I still have one running position from the beginning leaving it for TARGET3 which has been missed by a smidgeon. Beautiful price action anyway. Patience is the key...

15 thg 2, 2023

Ghi chú

The last bit hit the stoploss few days ago. Still nice profit in total with the 2 winning positions.