Descending Channel Pattern for Buy
Updated
Hi All,
NG now in a channel pattern in Daily timeframe. Now can try long position.
for the more clarity on buy look at 1H/4H timeframe, there is a double bottom pattern but the trend line is not yet broken, once broken the target is almost the top of the channel.
Buy : Buy now or after the the double bottom's neck line is broke.
SL : 4.788
NOTE : Monthly is in correction of uptrend, so trade with strict SL and caution.
NG now in a channel pattern in Daily timeframe. Now can try long position.
for the more clarity on buy look at 1H/4H timeframe, there is a double bottom pattern but the trend line is not yet broken, once broken the target is almost the top of the channel.
Buy : Buy now or after the the double bottom's neck line is broke.
SL : 4.788
NOTE : Monthly is in correction of uptrend, so trade with strict SL and caution.
Trade closed: stop reached
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