Long
Price Compression
The chart seems to be indicating price compression within a symmetrical triangle pattern. If the price sustains, could rise to the next resistance level and above.
Always use stoploss (around 60 in this case). Possible target of 75 and 85
Always use stoploss (around 60 in this case). Possible target of 75 and 85
Note
SL hit. Out of the trade with a small loss.Trade active
Attempting another breakout, with high volumes. If it does close above the level(70.40) will re-enter trade (which was closed after initial small loss)Note
“Patience is bitter, but its fruit is sweet.”Trade closed: target reached
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