The trend has formed with support and resistance rising in consistent pattern, the buy entry is based on an area of confluence since the I expect a strong bounce from the support line.
The take profit level based on an area of resistance.
These trades are part of a position trading strategy to reduce the overall average cost of holding by trading the mini trends.
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The take profit level based on an area of resistance.
These trades are part of a position trading strategy to reduce the overall average cost of holding by trading the mini trends.
If you like this trade insight dont forget to hit the like button and subscribe for more analysis. Thanks!
Note
Time to enter guys. The bottom parallel is hit.
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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.