#PROS
The price is moving in an ascending triangle on a 4-hour frame
The triangle is expected to be breached to the upside in a strong manner, with stability above Moving Average 100
Supported by oversold on the MACD indicator
And upward momentum for the market
Entry price is 0.5300
First target 0.5593
Second target 0.5895
Third goal 0.6229
The bump-and-run reversal bottom is a chart pattern that is a surprisingly good performer in both bull (ranking best for performance) and bear markets (ranking second best). It has a low break even failure rate and high average rise after the breakout. Discovered by Thomas Bulkowski in 1999.
Price channels are a trading concept that is borrowed from the traditional trend line concept. Instead of plotting a simple trend line, the price channels comprise of two trend lines, upper and lower trend lines. Trade signals are taken when price breaks out of the upper or lower trend lines or the price channel. When combined with support/resistance methods and...
Hi dear friends, hope you are well and welcome to the new trade setup of Prosper (PROS) with US Dollar pair.
On a 4-hr time frame, PROS has almost completed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Bump and Run Reversal Bottom Pattern
The bump-and-run reversal bottom is a chart pattern that is a surprisingly good performer in both bull (ranking best for performance) and bear markets (ranking second best). It has a low break even failure rate and high average rise after the breakout. Discovered by Thomas Bulkowski in 1999.
What is Double Bottom Pattern?
The double bottom pattern looks like the letter "W". It indicates an trend and momentum reversal in a particular asset. It is best for analyzing the intermediate to longer-term view of a market. Double Bottom Pattern one of the most reliable reversal pattern after Head and Shoulders Pattern.
How does Double Bottom Pattern Work?...
Bullish harmonic pattern marks a potential reversal zone for PROSBUSD.
Important Note: This idea doesn't include any financial advice. Take your own risk.
