Time to seek liquidity
See below for liquidity zones; the price will attempt to reach these levels.
SL & TP Indicated in chart
Manage your leverage responsibly
See below for liquidity zones; the price will attempt to reach these levels.
SL & TP Indicated in chart
Manage your leverage responsibly
Trade active
TP1 - 7.15 , The top of the first zone has been reached; the price will likely consolidate within a range before continuing its downward movementNext : TP2 - 7.0
Note
TP2 has been reached. Move the stop loss to the entry price for now. You can reinvest when wave B is well-formed or after the price reaches the resistance zone between 7.5 - 7.6.
The next levels to watch are TP3 at 6.758 and TP4 at 6.634.
Trade active
Re-entry now:- Entry price: 7.745
- Stop loss (SL): 8.3169
Take profit levels:
- TP1: 7.15
- TP2: 7.0
- TP3: 6.758
- TP4: 6.634"
Trade active
It's highly probable that the price will begin to range soon. My advice is to move the stop loss to the entry price or consider taking some profits off the table.
There's an opportunity to re-enter at a more favorable price, ideally around 8.3169, which could minimize risk and set us up to target once again. However, under the current market conditions, if the price remains above 6.7577, the likelihood of a continued uptrend seems greater
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.
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.