1. Broke 4HR valley
2. Broke DAILY valley
3. Broke downtrend
4. 1st touch rejection of next 1HR level
5. Pullback to newly formed uptrend
6. Entry at 65,29
7. Target is next 1HR level: 70,15
8. Stop set at 1% below entry, which is also loss of local 1HR uptrend
2. Broke DAILY valley
3. Broke downtrend
4. 1st touch rejection of next 1HR level
5. Pullback to newly formed uptrend
6. Entry at 65,29
7. Target is next 1HR level: 70,15
8. Stop set at 1% below entry, which is also loss of local 1HR uptrend
Trade active
Note
So it dropped further as I expected and triggered my 1% stop. However,I also noticed the bounce on the 1HR uptrend, so decided to give it another go and took entry on 64,18. Target still intact and 1% stop.
Trade active
After re-entry, price came close to stop but did not trigger, trade is for now playing out according to plan.Trade closed: target reached
wow! target reached, trade closed for 9,26% profits
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.
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.