Trading Notes
Updated
Entry level: Long @ 1321.13 S/l: 1316.50
Reason: Fundamental-During the Asia time, no news is releasing. Predict there will be a recovery of the price.
Technical analysis-(Daily)-Strong support line indicated from the chart. (4H)-Trend
Reason: Fundamental-During the Asia time, no news is releasing. Predict there will be a recovery of the price.
Technical analysis-(Daily)-Strong support line indicated from the chart. (4H)-Trend
Note
Daily chart: the support level at 1321.Note
On the 4H chart, the price seems to break the Support line.Note
Buy from here, it turns out to be not a good entry point. If the uptrend is confirmed, switch to the M30 time frame, The best entry point would be at the support level at 1317 again. Trade at that level would be safer.Trade closed: target reached
Manually closes the trade here. There is a triangular pattern there. The price will be hitting the resistance level, and bounce back. Right now, it is moving the downtrend direction.
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