all my analysis is technical on this trade
first i start off with looking at support and resistance areas
then i see there's a opportunity for a fib retracement , which already did retrace between the 61.8 and 78.6 area
im buying till just below next resistance that could be at.
the trade shown is where my tp1 will be , tp2 like i said is at the resistance bar
long term i see it breaking resistance testing that support bar then flying further
i will update this trade when that time comes
first i start off with looking at support and resistance areas
then i see there's a opportunity for a fib retracement , which already did retrace between the 61.8 and 78.6 area
im buying till just below next resistance that could be at.
the trade shown is where my tp1 will be , tp2 like i said is at the resistance bar
long term i see it breaking resistance testing that support bar then flying further
i will update this trade when that time comes
Trade closed: target reached
tp hit sooner than expected
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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.