Resistance area confirmed by triangle bottom and upper trend line touch from prior pivot highs
t1: 1.272 extension coincides with support zone from left of the chart
t2: lower trend line coincides with July lows
S/L above triangle zone
Risk/Reward 1:2.8
t1: 1.272 extension coincides with support zone from left of the chart
t2: lower trend line coincides with July lows
S/L above triangle zone
Risk/Reward 1:2.8
Trade closed: target reached
Note
For t1. Exited trade once pullback back to top of channel cancelled possibility of price to reach t2 in the short term.Note
Price eventually reached target 2 after massive pullback towards entry.
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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.