The Graph ( GRT ) - GRTUSDT - Falling Wedge
- Wait breakout trendline, after that, make a entry Long at back test trendline.
- Take profit: 0.54$ and 0.60$
- Stop loss: 0.42$ if this price lowest of falling wedge .
This is what I see and seems to be happening in most GBP pairs
Reasons For Entry :
- Wait for Ending Diagonal Resistance Breakout
- Wait/Lookout fir ReTest
- RSI Divergence
- Impulsive Wave
On the chart here I expect the market to continue trending within the bearish channel as it has already given us:
- 5 Wave Bearish Impulse
- Correction's Wave C is due
- From "A" to "B" is a continuation Flag
Thus I expect a bullish entry as soon as that flag resistance gets invalidated.
