ANKRUSD & AUDIOUSD - 13 months RECTANGLES

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Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS

🤝Let’s learn and grow together 🤝
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Hello Traders ✌

Here we have other two basically identical bearish scenarios: same pattern, same duration and same price behavior. Weekly charts are shown and targets seems to be quite ambitious so I probably would consider these as position trades rather than swing ones.
Be aware that considering both opportunities is like doubling the risk.

• Pattern Class: 🌕🌕🌕🌕🌑
  
• Target area: better using trailing stops rules rather than a specific target price
  
• Breakout area below: 0.045 (ANKR) and 0.50 (AUDIO)
  

Entry Point and Initial Stop Loss depends on your Trading Plan Tactics and Money Management rules.

🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
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