I have been busy lately, here is the FTM setup I'll explain in few words considering my time.
After a good rally making short term higher lows, market has been in consolidation phase from the past few days. Likewise during the consolidation period FTM formed symmetric triangle pattern which is also know as continuation pattern!! based on the current scenario it is likely to break upwards.
Wait for the breakout confirmation and plan long trade accordingly. I had given my target area in the above chart which is at 0.4104.
Disclaimer : Anything provided here is not a financial advice, trade at your own risk.
After a good rally making short term higher lows, market has been in consolidation phase from the past few days. Likewise during the consolidation period FTM formed symmetric triangle pattern which is also know as continuation pattern!! based on the current scenario it is likely to break upwards.
Wait for the breakout confirmation and plan long trade accordingly. I had given my target area in the above chart which is at 0.4104.
Disclaimer : Anything provided here is not a financial advice, trade at your own risk.
Comment:
Trade Triggered
Trade closed: stop reached