H4 time frame.
Structure: Downtrend.
After the price continued to down and broke the previous support at 43000, the price is now forming a triangle pattern, which is likely to retest the price of 43000.
To be safe with this pattern, you should wait for the price to rise and appear a false break at the price of 45000 and appear a candlestick pattern for sell orders.
The profit target is the old support zone at 40000.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
Structure: Downtrend.
After the price continued to down and broke the previous support at 43000, the price is now forming a triangle pattern, which is likely to retest the price of 43000.
To be safe with this pattern, you should wait for the price to rise and appear a false break at the price of 45000 and appear a candlestick pattern for sell orders.
The profit target is the old support zone at 40000.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
Discord : discord.gg/5HTtehrJVK
Website: tradafx.net/
Youtube: www.youtube.com/c/TradaFXForexTrading
❤
Facebook: www.facebook.com/tradafx
Instagram: www.instagram.com/tradafx1/
Twitter: twitter.com/Tradafx1
Website: tradafx.net/
Youtube: www.youtube.com/c/TradaFXForexTrading
❤
Facebook: www.facebook.com/tradafx
Instagram: www.instagram.com/tradafx1/
Twitter: twitter.com/Tradafx1