As you can see, SMA20 was quite good support and resistance at short-term trends, so if our chart wont cross SMA20, I will try to open long position.
My game plan is to keep L to channel top. I don't like to loose money, so I will quit trade if candle will close below SMA20, and then I will look for other opportunity - maybe I will buy again above SMA20 and SMA100 and keep my previous plan.
When price will reach the target, I will look for opportunity to open short position.
My game plan is to keep L to channel top. I don't like to loose money, so I will quit trade if candle will close below SMA20, and then I will look for other opportunity - maybe I will buy again above SMA20 and SMA100 and keep my previous plan.
When price will reach the target, I will look for opportunity to open short position.
Trade active
Great day :) Hope we will reach our target soon!Note
Trade closed: target reached
We are very close to the target. I will set small stop-loss to protect my profit and think about starting to open short positions.
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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.