Price action and chart pattern trading setup
> Elliott Wave analysis possible 2-wave ending diagonal pattern with bullish momentum - a potential falling wedge breakout scenario
> Entry @ 2-wave bullish wedge breakout and EMA10 TF24H
> Target @ upper downtrend line resistance 0.618 - 0.786 retracement of 1-wave zone + 30- 40%
> Stop @ the lowest 2-wave position -10%
> Risk reward ratio: 2:1 / 3:1
Indicator:
>RSI bullish momentum about to cross MA line
>MACD bullish momentum just below signal line
Always trade with affordable risk and respect your stop
> Elliott Wave analysis possible 2-wave ending diagonal pattern with bullish momentum - a potential falling wedge breakout scenario
> Entry @ 2-wave bullish wedge breakout and EMA10 TF24H
> Target @ upper downtrend line resistance 0.618 - 0.786 retracement of 1-wave zone + 30- 40%
> Stop @ the lowest 2-wave position -10%
> Risk reward ratio: 2:1 / 3:1
Indicator:
>RSI bullish momentum about to cross MA line
>MACD bullish momentum just below signal line
Always trade with affordable risk and respect your stop
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