It seems that an ABC pattern is forming on the 1-hour chart, with wave B already completed.
Wave B appears to have been a triangle.
A buy/long position can be entered on the pullback to the green zone.
The targets marked on the chart are for wave C, which is a bullish wave.
A daily candle close below the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Wave B appears to have been a triangle.
A buy/long position can be entered on the pullback to the green zone.
The targets marked on the chart are for wave C, which is a bullish wave.
A daily candle close below the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade closed: stop reached
The trigger line has been broken, and the 4-hour full-body candle | which were our confirmations | have failed.New Update :
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✅ Join our Telegram channel to succeed in trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.