We have these indicators for SELL opportunity:
- Reflection from the top of the parallel channel (Has been created since 2008)
- Low volume to continue the current direction
- Return/re-test to 1 Month high area (min. for TP1)
We define 3 goals:
TP 1 = 80 pips
TP 2 = 200 pips
TP 3 = 400 pips
S/L = -400 pips
* Nothing grows forever, so the turndown is most likely. But beware of the "fake out", which happened in 2015 - count on this in risk management.
- Reflection from the top of the parallel channel (Has been created since 2008)
- Low volume to continue the current direction
- Return/re-test to 1 Month high area (min. for TP1)
We define 3 goals:
TP 1 = 80 pips
TP 2 = 200 pips
TP 3 = 400 pips
S/L = -400 pips
* Nothing grows forever, so the turndown is most likely. But beware of the "fake out", which happened in 2015 - count on this in risk management.
Trade closed: target reached
TP 1 REACHED 😊Trade closed: target reached
TP 2 REACHED 😊Trade closed: target reached
TP 3 REACHED 😊
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.