SL below the box
Trade active
Trade closed manually
Open 1.12169 - Closed 1.12452Note
Downward risk signal spotted. So trade closed.Looking to re-enter long if I get a new entry signal. This in case the price break a resistance zone upward.
Or next week(s)
Waiting to see an opportunity to go short (with a confirmation of breaking a resistance and re-test). Maybe also a new buy opportunity lower because the actual upward trend is not broken.
Note
New buy opportunity if price breaks above 1.12715 Note
This is how I see it at this moment.LONG = Possible re-test of resistance 1.12715 level before going down (short opp.), if short look for 1.10990.
SHORT = Possible break above resistance 1.12715 level before trend continuation (looking if price will break above the downward channel.
Note
Note: in my opinion the grey box is a decision zone / struggle zone.
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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.