Eris has a beautiful set up.
Breaking Ascending triangle pattern.
> We can wait for price to come at the retest level, as everything is mentioned in the chart.
>we will only enter when Risk to Reward is in our favour.
>Dont just predict ,enter when there is a solid reason to enter.
Best of luck everyone.
Hope everyone makes smart money.
> As we can see in the chart, the Channel pattern has been Broken down with a very good volume,
the Ascending Trend Line(TL) support was very strong as we can see Price took support from that
same TL 5 times in the past.
> After breaking the TL we can see the weakness in the candles, we can see huge rejection from the sellers.
> This is the right time to enter...
As we can see in the charts, the price is under consolidation for years.
One can enter when there is a Break out with a good volume.
Until then we will watch patiently and wait for the BO.
> A great trader says, the market is 10% buying, 10 % selling and 80% is watching, observing, collecting information.
Well, as we can see in the chart the price is constantly taking multiple support from the Ascending Trend Line(TL).
The logic here is very simple, as the price has come to the same TL, we can enter with a minimum risk.
Those trades are the best in which risk is very low and returns are almost 3 times or 4 times.
RISK : 2.25 %
RETUNRS : 8.40%
Best of luck...