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Strategy: Moving Averages Formation
Bias: Bullish
As seen in the chart, the Year-Line is a strong indicator of trend. Around late Feb 2019, The price managed to closed above the Year-Line for a few days before rejecting and continued downward sliding. This time, not only is the price holding comfortably above the Year-Line, it also found support when it tested the Year-Line with a doji candle on the 4th Dec.
Entry: 5.30
Stop-loss: 5.19
1st Target: 5.61
2nd Target: 5.77
Gentle reminder: Plan your trade and trade your plan. Peace out!
Strategy: Moving Averages Formation
Bias: Bullish
As seen in the chart, the Year-Line is a strong indicator of trend. Around late Feb 2019, The price managed to closed above the Year-Line for a few days before rejecting and continued downward sliding. This time, not only is the price holding comfortably above the Year-Line, it also found support when it tested the Year-Line with a doji candle on the 4th Dec.
Entry: 5.30
Stop-loss: 5.19
1st Target: 5.61
2nd Target: 5.77
Gentle reminder: Plan your trade and trade your plan. Peace out!
Trade closed: stop reached
Triggered stop-loss of 5.19.Always remember to take care of your downside before even thinking about the upside, peace out~
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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.