Views posted on the chart.
1. Distance travelled by the price from "a" to "b" is the target i.e in this case 100.00 +
2. After the price breaks the upper trend line this target will come in force
3. High risk players would have entered at " e".
4. Expect price to consolidation at or around the upper trend line; Thanks to the high risk player,
who will be booking part profits at / around this line.
5. Trade in accordance and strict SL at lower trend line for this pattern .
6. Price action has to breakout the trend lines before October end if not the pattern is invalidated.
7. Multiple trade opportunity for short term traders now that the pattern is place and yet to breakout.
1. Distance travelled by the price from "a" to "b" is the target i.e in this case 100.00 +
2. After the price breaks the upper trend line this target will come in force
3. High risk players would have entered at " e".
4. Expect price to consolidation at or around the upper trend line; Thanks to the high risk player,
who will be booking part profits at / around this line.
5. Trade in accordance and strict SL at lower trend line for this pattern .
6. Price action has to breakout the trend lines before October end if not the pattern is invalidated.
7. Multiple trade opportunity for short term traders now that the pattern is place and yet to breakout.
Trade active:
Nearing price target ...
Trade closed: target reached:
All done today ....