Reasons to enter:
1. On weekly perspective, 147.50 (blue horizontal line) has been a resistance for some time, as I'm expecting a break of this resistance.
2. Black trendline is standing strong, as the price just bounce up from the trendline.
3. Higher lows are forming, thus expecting higher high now.
4. Fibo levels 38.2% was nearly met, but still can be consider met as now it's U-turning upwards.
5. A bullish candle just closed above of EMA 21.
EP: 146.00
TP: 147.50 (150 pips)
SL: 145.30 (70 pips)
1. On weekly perspective, 147.50 (blue horizontal line) has been a resistance for some time, as I'm expecting a break of this resistance.
2. Black trendline is standing strong, as the price just bounce up from the trendline.
3. Higher lows are forming, thus expecting higher high now.
4. Fibo levels 38.2% was nearly met, but still can be consider met as now it's U-turning upwards.
5. A bullish candle just closed above of EMA 21.
EP: 146.00
TP: 147.50 (150 pips)
SL: 145.30 (70 pips)
Trade closed: stop reached
Same goes to GJ. Due to fundamental news, market was too volatile and it hit my sl, then tp. Not a good week for me, but i'll come back next week, and come back STRONGER!
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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.