Higher Timeframe bias is BULLISH.
Strategy: Trend Following Breakout
RRR: 1:2
Area of Value: Breakout
Entry: Wait for the price to pullback on support area or EMA25
Exit: Market structure is broken if it breaks previous low.
Strategy: Trend Following Breakout
RRR: 1:2
Area of Value: Breakout
Entry: Wait for the price to pullback on support area or EMA25
Exit: Market structure is broken if it breaks previous low.
Trade closed: target reached
entered via buy limit. The price perfectly touched my Buy Limit price and took off.Already hit my TP, hence the trade is closed. 1:2 RRR.
You can keep your trade running by adjusting the SL to break even and TP to the previous Resistance.
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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.