1.1870 is turning out to be a minor resistance on the hourly
timeframe. There is a potential sell entry with low risk and
big reward as I have indicated in my chart.
Selling between 1.1860 and 1.1880 with SL at 1.1900 and initial
TP at 1.1830, final TP at 1.1740 is a possibility. Partial profit
will be taken at the initial TP and sell will be moved to entry
to make the rest of the trade risk-free.
The above trade will be executed if bearish price action develops
near the resistance level and all other conditions for a short
entry are satisfied.
timeframe. There is a potential sell entry with low risk and
big reward as I have indicated in my chart.
Selling between 1.1860 and 1.1880 with SL at 1.1900 and initial
TP at 1.1830, final TP at 1.1740 is a possibility. Partial profit
will be taken at the initial TP and sell will be moved to entry
to make the rest of the trade risk-free.
The above trade will be executed if bearish price action develops
near the resistance level and all other conditions for a short
entry are satisfied.
Trade active
Sold at 1.1867 as per trading planNote
Partial profit taken at 1.1828.Trade closed: target reached
Trade closed. Great profit from this tradeNote
And there you have the 1.1740. Boom TP
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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.