Reasons to enter
1. Price bounce back upwards after touching the EMA 21 in H3 timeframe.
2. Candle wick retested the black trendline and obeys it, hence a bounce on the trendline can be seen.
3. A retracement towards the 38.2% was met, and now aiming back upwards of -27.2% or even -61.8% (TP)
Trade 1 (RR 1:2.63)
EP: 1.6530
TP 1: 1.6667 (139 pips)
SL : 1.6475 (53 pips)
Trade 2 (RR 1:3.47)
EP: 1.6530
TP 2: 1.6750 (222 pips)
SL 2: 1.6464 (64 pips)
1. Price bounce back upwards after touching the EMA 21 in H3 timeframe.
2. Candle wick retested the black trendline and obeys it, hence a bounce on the trendline can be seen.
3. A retracement towards the 38.2% was met, and now aiming back upwards of -27.2% or even -61.8% (TP)
Trade 1 (RR 1:2.63)
EP: 1.6530
TP 1: 1.6667 (139 pips)
SL : 1.6475 (53 pips)
Trade 2 (RR 1:3.47)
EP: 1.6530
TP 2: 1.6750 (222 pips)
SL 2: 1.6464 (64 pips)
Trade closed: stop reached
Stopped was reached as sl was too tight. Would post better trade setup for next time! :X
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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.