On the D1 chart the trend started on Aug. 22. (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 1.4616
This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.”
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
There is a high probability of profit taking. Possible take profit level is 1.4616
This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.”
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
Trade active
IMPORTANT ! new TP level = 1.4674. There is a very high probability that from this level, the pair will return to 1.50. And only then will be the level of 1.4616.
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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.