The last 2 days there was a very strong down broke the previous support, there must be a correction first for the price to continue the decline
Entry: wait for the price to touch the 2.618 first, and a maximum of 3 candles after that line is touched, the price must show rejection.
if the price does not reach the line and it has shown a strong upside potential. then you can enter right away
SL: we monitor the price respects the line or not, if price doesn't show rejection on that line, then it must be watched out
TP: for Tp, you can follow the risk reward line on the right (lime line), final tp at 0.618
Entry: wait for the price to touch the 2.618 first, and a maximum of 3 candles after that line is touched, the price must show rejection.
if the price does not reach the line and it has shown a strong upside potential. then you can enter right away
SL: we monitor the price respects the line or not, if price doesn't show rejection on that line, then it must be watched out
TP: for Tp, you can follow the risk reward line on the right (lime line), final tp at 0.618
Trade closed: target reached
TP Final RR +4 266 pipsNote
Profit Earned in the Third week: (+6.88)4 trading plan (3 Win, 1 Loss)
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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.