Apologetic 💔 for the prior assignment we barely forfeited our targets in the primary go and fell short 6 points but we hit by TSL in recent trade.
Anyways, I again found the setup as simple as the previous time.
This time we had lf you precisely say than 16 points so but we would conserve 20 points stop ⛔ and 1:2 tiniest targets for this trade and as it's in 1hour time frame so found it reasonable.
Reason 1 for me it took exact resistance from the upper blue line and fell
Reason 2 Rsi is in the overbought zone so it fell so it should face resistance at 70 levels and go further below.
Anyways, I again found the setup as simple as the previous time.
This time we had lf you precisely say than 16 points so but we would conserve 20 points stop ⛔ and 1:2 tiniest targets for this trade and as it's in 1hour time frame so found it reasonable.
Reason 1 for me it took exact resistance from the upper blue line and fell
Reason 2 Rsi is in the overbought zone so it fell so it should face resistance at 70 levels and go further below.
Trade closed: 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.