1. Setup : EMA14>EMA50 = Uptrend
2. Signal: Re-test EMA14
3. Confirmation : 5min bullish engulfing + Bullish pennant pattern
4. Entry : at the low side of pennant triangle
5. SL : 10 tick below signal CS
6. TP : fibo extension 100% / until reversal CS
Price near resistance but not retest yet the highest level.
Risky setup possible price go down.
2. Signal: Re-test EMA14
3. Confirmation : 5min bullish engulfing + Bullish pennant pattern
4. Entry : at the low side of pennant triangle
5. SL : 10 tick below signal CS
6. TP : fibo extension 100% / until reversal CS
Price near resistance but not retest yet the highest level.
Risky setup possible price go down.
Note
Possible TP for bullish pennantNote
CC chartTrade closed: target reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.