The 50% if the 2 previous candles since they are an order block (OB), it is considered as a previous support (if you look left), turns resistance once the market has retested that levell.
Should the TA has been activated it will have a DD of 13 pips based on the OB before it reverses, once it has broken above the double top then it will hit the TP. :)
Entry: 1.21800
Take Profit: 1.22800
Stop Loss: 1.21534
Should the TA has been activated it will have a DD of 13 pips based on the OB before it reverses, once it has broken above the double top then it will hit the TP. :)
Entry: 1.21800
Take Profit: 1.22800
Stop Loss: 1.21534
Trade closed: stop reached
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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.