weekly chart... adding hourly chart in comments. looking on lower timeframes for entry below the fib line around 137
possible 'catching the knife trade' so starting smaal and looking to build every 25 pips
possible 'catching the knife trade' so starting smaal and looking to build every 25 pips
Note
first position LONG 136,70Note
moving stop loss on the first position to breakevenNote
putting second position @ 137,04 at BENote
Last and fifth position is in averageing longs at 1,37258putting all sl's on that breakeven + 3 pips
free trade as of now
looking for a "set and forget" trade, with no risk but potentially no profit
Note
I was stopped out overnight, only to see it take off again to the upside indeed a set and forget trade but my stops were too close in this case
one for my learning books
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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.