Ascending triangle pattern | Accumulation zone

١٤ يوليو ٢٠٢٣Hi traders,

Ascending triangle pattern in Weekly timeframe.
The current market is at Weekly support, if a 4H candle closes above 82.1400 can expect a bulls in the market.

The risk : reward ratio is 1:3 which is a good trade.

Fed meeting is on 26 July 2023, and expected to raise the interest rates by 0.25.

١٤ يوليو ٢٠٢٣

تم فتح الصفقة

4H candle has closed above 82.1400

٢ أغسطس ٢٠٢٣

تعليق

CMP is 82.7750 , about to hit the target 82.8120

٣ أغسطس ٢٠٢٣

تعليق

close the position if the 4H candle closes below 82.6400,

Reason :: If a 4H candle closes below 82.6400 the market can go down for a correction. So better to close the position and re-enter later.

٤ أغسطس ٢٠٢٣

أغلقت الصفقة: تم الوصول للهدف

:-)