Ascendind triangle - then what?
Hello traders!
We can see ascending triangle on 4h which formed after H&S pattern dumped. We have strong resistance arount level 0,07770 and also smaller resistance line around 0,07 (not published). I expect that we will test again resistance line, then it will depend if BLZ will break it or bounce back down.
I am taking long position as we are on lower triangle trendline. hope for bounce and retest resistance line, tp under resistance line. Tight sl under triangle lower trendline
Like and comment your own opinion!
This is not investment advice, do your own research
We can see ascending triangle on 4h which formed after H&S pattern dumped. We have strong resistance arount level 0,07770 and also smaller resistance line around 0,07 (not published). I expect that we will test again resistance line, then it will depend if BLZ will break it or bounce back down.
I am taking long position as we are on lower triangle trendline. hope for bounce and retest resistance line, tp under resistance line. Tight sl under triangle lower trendline
Like and comment your own opinion!
This is not investment advice, do your own research
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