CRO symmetrical falling Triangle, possible breakout inc
Hello!
After reaching a top @ 0.395 it has the last days formed a falling symmetrical triangle, which can be a bullish signal.
Wait for it to break the upper side of the triangle and wait for at least 1 -2 candles to form for breakout confirmation, that will be a good entry point!
If it, however, falls below the triangle that will be a bearish sign and it might form a downtrend for the future, falling to the levels in the chart.
Remember, this is not financial advise,but rather my own idea on how it CAN play out!
TP 1: 0.398
TP 2: 0.42
Remember to use SL, always!
Happy Trading,
After reaching a top @ 0.395 it has the last days formed a falling symmetrical triangle, which can be a bullish signal.
Wait for it to break the upper side of the triangle and wait for at least 1 -2 candles to form for breakout confirmation, that will be a good entry point!
If it, however, falls below the triangle that will be a bearish sign and it might form a downtrend for the future, falling to the levels in the chart.
Remember, this is not financial advise,but rather my own idea on how it CAN play out!
TP 1: 0.398
TP 2: 0.42
Remember to use SL, always!
Happy Trading,