PEP Long 08/05/2024
Asset and Time frame - PEP, Weekly
Entry Price - 178.12
Exit(Stop Loss) -172.91
Exit(Take Profit) - 196.86
On the daily chart, the price has started breaking the 10-day swing high with a restest, but the main timeframe here is weekly, on the weekly chart, the price broke the 100SMA & the swing high after making an indecision candle and seems to start going north, the price also retraced back from the -61.8 level seem to start a reversal back then but there wasn't any good conviction, the market is a bit bearish imo atm, so lower risk of 0.75% instead of the usual 1%
Calibration - about 40% success rate, missing a candle pattern unfortunately at the break
Entry Price - 178.12
Exit(Stop Loss) -172.91
Exit(Take Profit) - 196.86
On the daily chart, the price has started breaking the 10-day swing high with a restest, but the main timeframe here is weekly, on the weekly chart, the price broke the 100SMA & the swing high after making an indecision candle and seems to start going north, the price also retraced back from the -61.8 level seem to start a reversal back then but there wasn't any good conviction, the market is a bit bearish imo atm, so lower risk of 0.75% instead of the usual 1%
Calibration - about 40% success rate, missing a candle pattern unfortunately at the break
Note
Stop reached
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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.