This is a new 20 day low failure of breakout - with a confirmed reversal on daily chart ( high of yesterday broken) to upside.
Obviously risky as counter-trend, but high risk is compensated by tight stoploss -77 pips for +225 projection and
volume point of control line target. Also equals last rally on dailies.... ( Double drive theory).
Obviously risky as counter-trend, but high risk is compensated by tight stoploss -77 pips for +225 projection and
volume point of control line target. Also equals last rally on dailies.... ( Double drive theory).
Trade closed manually
Took an early profit
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Related publications
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.