Well, unfortunately, I was stopped out in the previous trade.
The price is still forming a falling channel / flag, and I am anticipating that there will be a strong bullish momentum.
After retesting the upper trend line, I will enter my trade @0.47 and my Target is 0.59. Stop loss will be positioned @0.43
My targets are 0.51 ( R:R 1: 1), 0.55 (R:R 1: 2) and finally 0.59( 1: 3).
My R:R is 1: 3 and I am using the rising channel chart pattern to enter my trade.
Remember, use 1 - 2 % of your account.
The price is still forming a falling channel / flag, and I am anticipating that there will be a strong bullish momentum.
After retesting the upper trend line, I will enter my trade @0.47 and my Target is 0.59. Stop loss will be positioned @0.43
My targets are 0.51 ( R:R 1: 1), 0.55 (R:R 1: 2) and finally 0.59( 1: 3).
My R:R is 1: 3 and I am using the rising channel chart pattern to enter my trade.
Remember, use 1 - 2 % of your account.
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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.