Consolidation Break Out Against the Trend

21 de out. de 2018

Pending order placed on this pair tonight.

I like the look of a breakout on this pair with the trade offering a good r:r.

Weekly trend line has been broken with price testing the weekly 50ema on two occasions. I'll be looking for price to break through that moving average and start a new trend to the upside.

Price is above the daily 50ema.

Price has formed a nice consolidation pattern on the 240 with the same level tested on numerous occasions. That level is also above strong resistance zone which is nice.

24 de out. de 2018

Trade fechado: stop atingido