I have drawn a downtrend trendline and this trendline has been broken. So, I see that the price potential to do an uptrend for this time is high. I have drawn an uptrend trendline as a reference and this uptrend trendline is still valid. Because of this, a buy position has been established. there are 3 levels for buy entry ie first, second and third level entry. at level 1st entry risk reward ratio is 1:1. but the risk reward ratio is better at 2nd and 3rd level entry. whatever trade at your own risk.
Note
as usual.. market slow on weekendNote
almost hit SLTrade closed: stop reached
Unsuccessful. SL Triggered, Neverminded, we will find next setup. its okNote
The price has fallen very low... this is why we must use SL to avoid more losses
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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.