NANO long

٢٧ يناير ٢٠٢١

A symetrical triangle formation. If support hold I would long until the upper resistance wall is reached for R:R ratio 2:1. Furthermore, symetrical triangles usually are broken to the upside as a bullish continuation pattern. If so, it might cause a strong inpulse which equals to the distance show as a white arrow. It would give us astonishing 7:1 R:R ratio in a middle term hold.

If it breaks lower support wall, I would place stop/loss somewhere in the previous horizontal support zone. It also complies with a 200EMA support on a 4h timeframe.

Good luck traders.

٢٨ يناير ٢٠٢١

ملاحظة

First target reached, time to take some profits.

We can rise our stop/loss just below the trend line resistance (which became a support) and go for the next target.

Good luck