WAVESð tsunami
āļāļĩāđāļāļąāļāđāļāļ:
Wassup guys! Waves broke the dam in form of this triangleð 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 catchðĢ 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
Check my other stuff in related ideas.
Please boostð, commentðĢïļ, follow meâïļ, enjoyðš!
â ïļDisclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
*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
Check my other stuff in related ideas.
Please boostð, commentðĢïļ, follow meâïļ, enjoyðš!
â ïļDisclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
āļāļīāļāļāļēāļĢāđāļāļĢāļ: āļāļķāļāđāļāđāļēāļŦāļĄāļēāļĒāļāļēāļĢāļāļģāļāļģāđāļĢ
TARGET1 hit ðŊ. No deeper pullback before. If price drops back into the triangle I may rebuy around 2.5 to ride it up once again.āļāļīāļāļāļēāļĢāđāļāļĢāļ: āļāļķāļāđāļāđāļēāļŦāļĄāļēāļĒāļāļēāļĢāļāļģāļāļģāđāļĢ
TARGET1 hit, pullback. TARGET2 hit, pullbackðŊ. Beautiful...āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
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. āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
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...āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
The last bit hit the stoploss few days ago. Still nice profit in total with the 2 winning positions.
āļāļēāļĢāļāļģāđāļŠāļāļāļāļĩāđāđāļāļĩāđāļĒāļ§āļāđāļāļ
āļāļģāļāļģāļāļąāļāļŠāļīāļāļāļīāđāļāļ§āļēāļĄāļĢāļąāļāļāļīāļāļāļāļ
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