Hi friends hope you are good, This time I have brought another bullish trading idea for you with complete stop loss strategy.
Very big bullish Gartley pattern:
This time on month chart Zcash (ZEC) has formed a very big harmonic Gartley pattern and entered in potential reversal zone.
Buying And Sell Targets:The buying and sell targets according to harmonic Gartley pattern and its Fibonacci sequence should be:
Buy between: $57.06 to $38.79
Sell between: $71.44 to $105.97
Stop Loss:The potential reversal zone area that is up to $38.79 can be used as stop loss in case of complete candle stick opens and closes below this level.
Possible profit and loss ratio:As per above targets this trade has the profit possibility of 173% and as per above mentioned stop loss, the loss possibility is 32%
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
Trading & TA
Trading & Technical Analysis