VET trading plan

10 ธ.ค. 2019

Hello guys,

Rsi is nearly oversold on 4hr timeframe, because of this we will be making entry at 0058.

Bounce from this level is likely, and if so it will form 2 patterns.

-Bearish triangle
-Head and shoulders (also bearish in this case)

Target is 00665. (14% gain)

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So we have 2 bearish patterns.. but this doesn't mean price will drop.
There is a ascending triangle and cup and handle pattern on bigger timeframe which are both bullish. (check idea below)
Because of this you could sell part of your vet at target of 00665 and see if these 2 bearish patterns will be broken for bigger move up.
Purple line is resistance that has to be broken if we wanna move up higher.
In case you dont wanna miss out on this trade you can also make partial entry right now, i have bought a small amount already and i'm gonna buy more at 0058.

The ascending triangle needs readjustment btw because the daily candle hasn't closed yet. (point D)
it will be a little bit lower then on the above mentioned chart.

Thumbs up are appreciated! :)

13 ธ.ค. 2019

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