SL - 0.571
Profit target - either you follow the trend line or as you are comfortable with
Profit target - either you follow the trend line or as you are comfortable with
Note
awaiting for resistance to be broken up at 0.58315Note
praise lord. congrats to those who longed.Note
Ok, this is how I will play this pair now. 1. I will adjust my trailing SL to around 0.59.
2. I will reduce my positions by taking some partial profits ,e.g., if you have 5 positions, you can sell 2 or 3 and left with 2 to continue running.
As the bullish trend line here is still intact, there is nothing I need to do other than the above.
Note
From this chart, how many buying opportunities can you spot it ? If you know how to use the strategy, is there still a need for you to trade 20 -30 pairs , running yourself busy , toggling charts after charts and frustrating yourself over more losses than profits ?
Note
Praise Lord, it is still on an uptrend.
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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.