Asset and Time frame -PEP, DAILY
Entry Price -176.14
Exit(Stop Loss) -188.41
Exit(Take Profit) -35.53
Price has been going upwards in an ascending tunnel for a while and now reached the bottom of it, usually, the price action like making a false break and then coming back up within the confines of the tunnel, there is divergence in the RSI, and additionally price has reached the Weekly 100MA,
Good luck
Entry Price -176.14
Exit(Stop Loss) -188.41
Exit(Take Profit) -35.53
Price has been going upwards in an ascending tunnel for a while and now reached the bottom of it, usually, the price action like making a false break and then coming back up within the confines of the tunnel, there is divergence in the RSI, and additionally price has reached the Weekly 100MA,
Good luck
Comment:
Weekly chart
Trade closed: stop reached