**Drag chart across to view text
**Ascending wedge arrow should be "descending wedge"
TECHNICAL
Reason 1:
Pattern: Ascending wedge
1. Broken out of ascending wedge sideways
2. Retested ascending wedge upper descending trend line on 15/06/2018 during selloff
Reason 2:
-RSI oversold at similar levels to in the past
Reason 3:
-At lower limit of daily bollinger band
FUNDAMENTAL
-US trade war escalating with china, canada, france
Still fairly new to trading, appreciate any comments, tips etc. Just an idea. I am not advising to place a trade
**Ascending wedge arrow should be "descending wedge"
TECHNICAL
Reason 1:
Pattern: Ascending wedge
1. Broken out of ascending wedge sideways
2. Retested ascending wedge upper descending trend line on 15/06/2018 during selloff
Reason 2:
-RSI oversold at similar levels to in the past
Reason 3:
-At lower limit of daily bollinger band
FUNDAMENTAL
-US trade war escalating with china, canada, france
Still fairly new to trading, appreciate any comments, tips etc. Just an idea. I am not advising to place a trade
評論:
Doji candle also formed within the selloff, at the resistance level of the possible ascending triangle reversal
評論:
**on the 30 minute chart
Setting a buy stop order 10 pips above @ 1282.10, SL @ 1276.9, TP to be updated, as if there is a breakout to the upside, move expected to be very bullish over the long term from personal research.