This trade setup has many reasons to take it, but I’ll explain the main ones only.
1. Bullish Harmonic Bat Pattern – Special chart pattern is being made, and I will place a limit order to enter at the last point (D leg).
2. Falling Wedge Pattern – Lower line of this pattern is also at the same place where I want to enter, so it gives extra confirmation.
3. Trend is Bullish – Market is already going up, and we are trading with trend. You must have heard, “Trend is your friend.”
