This is follow up to the trade in related idea which ended with loss. I will be buying SC @ 0.02105, which is the upper edge of the support zone, as I expect the white falling wedge to be broken to the upside soon. Then we could see break up of the big yellow triangle which should lead to another upside move.
ENTRY: support @ 0.02105
SL: local low @ 0.0198
TARGET: resistance @ 0.0247
RRR: 3
INVALIDATION: when SL level hit
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Nota
Zoom in to see the chart better. It got messed up by publishing.
Trade attivo
Order filled ✔️
Nota
Dipped bit lower than originally expected, but now we are back above the support zone and also above the yellow trendline. The white falling wedge has morphed into downward channel which we are currently breaking out of. To sum up ... bullish 🐂
Trade chiuso: stop raggiunto
Hmm, this didn't go well. SL hit. Monitoring for new entries.
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