ARB Channel Trade +%20+%40
I believe market will go to a small correction soon, so it is quite risky to open long positions.
However, I will take the risk and try this tactic.
This is just a trial not a financial advice.
However, I will take the risk and try this tactic.
This is just a trial not a financial advice.
Note
It broke the channel. However, I will keep my position as long as it doesn't close any daily candle below 1.06$ since I believe it is a fake breakout.Note
As I thought, the breakout was fake and we reached the first TP point.Note
We reached the TP2. I take my profits and leave the rest till if it reaches the upper channel line.Trade closed: target reached
You can take your money here, or you can take the risk and wait more.Trade closed: target reached
It touched the upper channel line so I closed my position.
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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.