Cup and Handle formed on BVT
We had 7>21>200 - Bull
RSI >60
Raised stop R266 hit
Target R285.44
SMC
You can see a FVG Bullish formed where the 1st and 3rd candle didn't overlap.
Hence we have had a pull back in a flag formation, going to test the 50% level (Gann Box).
Once we get a break to the upside, we might have another chance to go long again and ride it up .
But right now I'm out of the trade.
We had 7>21>200 - Bull
RSI >60
Raised stop R266 hit
Target R285.44
SMC
You can see a FVG Bullish formed where the 1st and 3rd candle didn't overlap.
Hence we have had a pull back in a flag formation, going to test the 50% level (Gann Box).
Once we get a break to the upside, we might have another chance to go long again and ride it up .
But right now I'm out of the trade.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
💰FREE Discord:
discord.gg/c8f37kyv35
Twitter:
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)