This trade intended just for capitalizing the bounce before breakdown to the downside!
High probability price may break strong support(weak USD and descending triangle as the reason)!
Reason to entry:
-Gartley's pattern
-descending triangle
-strong support at gartley completion
Wait for RSI and candle confirmations
Entry:
-Gartley's completion
-triangle breakdown to downside
Exit:
-retest of triangle resistant (gartley's) or 38.2% retracement
-after that, price may goes down and breakdown from triangle (high probability sell setup)
Void if:
-price goes up before touched gartley's completion
-failed gartley's
Remember that market always right!
Manage your trade well!
High probability price may break strong support(weak USD and descending triangle as the reason)!
Reason to entry:
-Gartley's pattern
-descending triangle
-strong support at gartley completion
Wait for RSI and candle confirmations
Entry:
-Gartley's completion
-triangle breakdown to downside
Exit:
-retest of triangle resistant (gartley's) or 38.2% retracement
-after that, price may goes down and breakdown from triangle (high probability sell setup)
Void if:
-price goes up before touched gartley's completion
-failed gartley's
Remember that market always right!
Manage your trade well!