In my analysis, I find that there is a trend line breakout on 4hr chart, and then there is a clear retest of the trendline and the candle closes above the trendline, also a nice rejection from the 20 SMA. With these confluances I'm confident with my trading plan even though it's risky.
So I'm entering with a 20-pip stop-loss, and aiming for a 70-pip target.
Let me know what you think.
thanks
So I'm entering with a 20-pip stop-loss, and aiming for a 70-pip target.
Let me know what you think.
thanks
Trade closed: target reached
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.