Trend: Ranging
structure: Flag pattern / support and resistance
Plan: We have identified a flag pattern / a horizontal support and resistance zone.
Inside this we observe a potential downward trend. upon breakout we would enter to the upside. Alternatively it has respected lower bound and the trade is active.
structure: Flag pattern / support and resistance
Plan: We have identified a flag pattern / a horizontal support and resistance zone.
Inside this we observe a potential downward trend. upon breakout we would enter to the upside. Alternatively it has respected lower bound and the trade is active.
Trade active
Trade closed: target reached