Downwards Wedge, return to the to symmetrical triangle
My target between 100-120
* LTCBTC also seems to have a bullish engulfment/tweezer bottom candlestick forming on the daily.
-long term trend- uptrend and showing strength
-intermediate timeframe shows trend is in an uptrend but slightly flattening
-volatility is contracting.. pressing up on resistance area of 29.9x
-not paying too much attention to rsi here because of stock showing strong trend strength.
-positive volume pressure being applied
-shorter timeframe is showing price action...
Hello Traders,
It has been observed that price has formed symmetrical triangle on AUDCHF. Price may break in either direction. Once price breaks and closes above/below triangle, one can look for an entry. Profit levels are mentioned on the chart.
Thank you.
Happy Trading!!!
USDCAD long term Monthly Resistance now become Support = Long term with good risk reward
Symmetrical Triangle Chart Pattern is now creating= expecting the breakout to the up side to the 1.3570 Resistance and also the 1.272 Fibonacci extension tool.
Place your stoploss below the new support
