Before we get into this idea, please note that performance is not guaranteed. I recommend doing your own research before entering any trade. Your upvotes & comments are appreciated.
A symmetrical triangle is forming on the
ADAUSD
chart. Since ADA is currently trending upwards, I believe this triangle will see a breakout upwards soon-ish. I recommend entering a long position when it breaks out upwards. If it doesn't, setup voids.
Recommended settings for this trade:
SL: $0.04665 (Previous support)
TP: $0.07157 (Previous high)
Best of luck, traders.
A symmetrical triangle is forming on the
ADAUSD
chart. Since ADA is currently trending upwards, I believe this triangle will see a breakout upwards soon-ish. I recommend entering a long position when it breaks out upwards. If it doesn't, setup voids. Recommended settings for this trade:
SL: $0.04665 (Previous support)
TP: $0.07157 (Previous high)
Best of luck, traders.
Trade active:
Breakout. Let's go.
