ETC Ascending triangle pattern

Looks like a nice setup. risk to reward is atleast 2:1 and we just need to wait for a breakout to open positions. As you can see the first attempt was a fake out. There was a close above the resistance, but it is important to have a full candle body above the resistance. Wait for a breakout with a full candle body above the line to enter a position.
Ascending triangles have a possibility to break down so we can trade either way.
Will update when in position.

Komentarz:

loving the behavior of etc (forming triangle below the resistance. id say we break up anytime now

Komentarz:

breakout in progress. Rsi is cooled off. Good stuff. Waiting for more confirmation

Komentarz:

too much sell pressure above that line. Not taking a long right now

Komentarz:

ETC trying again. lets see how it responds this time

Komentarz:

its consolidating above the line right now, interesting

Zlecenie aktywne:

ladies and gentlemen, we have a breakout.

Zlecenie aktywne:

buying this dip

Zlecenie aktywne:

Targets ETC are 30 & 39. Stop loss is 21.5

Transakcja zakończona: osiągnięto poziom stop