TORXF breaking out for short term upside to 23

60
Hello Everyone,

Have spotted a bullish pattern on the chart that can take the prices to 23 in the short while.

Points to note:
> Breaking out from Symmetrical Triangle
> Forming rectangle pattern
> Rising volumes on the breakout.
> Hammer spotted

Important levels:
Support: 19.4 (lower trendline of the triangle)
Resistence: 23 (supply zone confirmed twice previously)

Entry Levels: 20-20.25 (weekly close above the triangle)

Exit Levels: 19.3 or trail with EMA 100 once it breaches 21 levels.

Risk to Reward: Optimal Entry 20 – Target 23 = Almost 4x Reward to Risk

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。