rade Strategy:
I monitor multiple trendlines on my chart. When the price breaks one trendline, I look for the most noticeable candlestick wick near the breakout point. This wick often indicates a potential reversal or continuation zone. I enter a trade at this wick, anticipating that the price will move towards the next significant trendline. Upon reaching this subsequent trendline, I again identify the most visible wick and set my take profit (TP) at that level.
Entry: 1.33050
Stop Loss (SL): 1.33250 (20 pips)
Take Profit (TP): 1.32230 (82 pips)
I monitor multiple trendlines on my chart. When the price breaks one trendline, I look for the most noticeable candlestick wick near the breakout point. This wick often indicates a potential reversal or continuation zone. I enter a trade at this wick, anticipating that the price will move towards the next significant trendline. Upon reaching this subsequent trendline, I again identify the most visible wick and set my take profit (TP) at that level.
Entry: 1.33050
Stop Loss (SL): 1.33250 (20 pips)
Take Profit (TP): 1.32230 (82 pips)
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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.