This idea of mine is a kind of continuation of the previous one, which you are familiar with - from December 1st/on a daily chart.
As we expected, there is a good upward momentum. The R:R ratio is very good and after the correction, this is one of the swing levels according to technical analysis, where we can enter purchases. Yes, this is the risky entry, but if we wait for the lower levels 1.067 or 1.059 for we would risk missing the whole impulse.
As we expected, there is a good upward momentum. The R:R ratio is very good and after the correction, this is one of the swing levels according to technical analysis, where we can enter purchases. Yes, this is the risky entry, but if we wait for the lower levels 1.067 or 1.059 for we would risk missing the whole impulse.
Note
The monthly resistance 1.1650 is my last TP / On This frame!Trade active
TP1 1.1115 reachedTrade closed: target reached
trade closed!Note
all three TPs completedNote
on weekly / goal is 1.1920 !
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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.