I Draw a Paraller Channel By connecting the height of 27 and 30 of April , and Drag it downto the low of 27 April. Price Currently shows rebound at P.channel support (15m n 30m chart).
Entry Long Limit: 5.13 (P.channel support)
SL: 1.5 - 2% BELOW ur entry price
TP :5.29 - 5.3 (previous high)
Reason I didn't plan to long when breakout GREEN trend line are bcs the RRR is not interesting, Tp just 1% not worth it.
*I just want to catch some rebound on smaller timeframe(Short term), Major trend are Downtrend.
*Make sure ur RRR is 1:1 or more before entering this trade. Must put SL, bcs now is Downtrend in Big time frame such as Day chart, if u no hv SL, most likely u will face problems like liquidations
*If price didnt go down and direct touch TP point then this trade not valid anymore.
This is just my plan, not a financial advice. If you are not comfortable with this trade then just ignore it.
Entry Long Limit: 5.13 (P.channel support)
SL: 1.5 - 2% BELOW ur entry price
TP :5.29 - 5.3 (previous high)
Reason I didn't plan to long when breakout GREEN trend line are bcs the RRR is not interesting, Tp just 1% not worth it.
*I just want to catch some rebound on smaller timeframe(Short term), Major trend are Downtrend.
*Make sure ur RRR is 1:1 or more before entering this trade. Must put SL, bcs now is Downtrend in Big time frame such as Day chart, if u no hv SL, most likely u will face problems like liquidations
*If price didnt go down and direct touch TP point then this trade not valid anymore.
This is just my plan, not a financial advice. If you are not comfortable with this trade then just ignore it.
Note
Opps, I accidentally turn on the log on Tview.Entry price should be 5.06-5.09 (P.CHANNEL support)
SL :1.5 -2% below P.channel
TP : remain the same
Note
Unlucky, the lowest price was 5.1, just 0.01 away from entry price =.=
"The farthest distance in the world".
If u did long it, leave a comment to let me know~~
Order cancelled
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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.