This pair, which had a fast bearish momentum back in 22nd September, needed to fill the gap / neutralize the long wicks which were formed at that point.
The price is now at a major support zone (the zone where the breakout initiated) and offered some resistance. I anticipate that the price might not break out of the pivot point as it acted as a zone where the big players need to activate the sell orders which were not initiated.
My entry point is @142 and My stop loss baspui1436
My target is at the next major market zone, @138.0
My Take Profit point are 141.0, 140.0, 139.0, and 138.0
My R:R IS 1: 4
Remember, risk only 1 - 2 % of your account.
The price is now at a major support zone (the zone where the breakout initiated) and offered some resistance. I anticipate that the price might not break out of the pivot point as it acted as a zone where the big players need to activate the sell orders which were not initiated.
My entry point is @142 and My stop loss baspui1436
My target is at the next major market zone, @138.0
My Take Profit point are 141.0, 140.0, 139.0, and 138.0
My R:R IS 1: 4
Remember, risk only 1 - 2 % of your account.
Trade active
Trade closed: stop reached
Well, I have been stopped out.
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.