Technical Analysis:
On the Weekly chart, the pair has been sideways for a while, sell at the top would give me a low risk trade with high reward.
entry 0.6715
stop 0.6750,
target 1 is 1.5 of stop loss, target 2 is 0.6450.
In addition, the downtrend line in cyan blue colour would give more odds on my side.
Basically, it’s a nice structure to place this trade. However, if I got stopped out. I will look for long setups for the pullback.
Plan your trade and trade your plan. Before we pull the trigger, we must know the possible scenarios. Don't focus on the money, instead focus on your trading process. The money will come into your pocket.
On the Weekly chart, the pair has been sideways for a while, sell at the top would give me a low risk trade with high reward.
entry 0.6715
stop 0.6750,
target 1 is 1.5 of stop loss, target 2 is 0.6450.
In addition, the downtrend line in cyan blue colour would give more odds on my side.
Basically, it’s a nice structure to place this trade. However, if I got stopped out. I will look for long setups for the pullback.
Plan your trade and trade your plan. Before we pull the trigger, we must know the possible scenarios. Don't focus on the money, instead focus on your trading process. The money will come into your pocket.
Giao dịch đang hoạt động
As planed, the trade is active now.Ghi chú
after two days, our target 1 got it as planned. As mentioned in my plan, target 1 is 1.5 stop zone which is 52.5 bps. As we took some profit, it would ease our mind.Ghi chú
Price created a new lower low on the 1H chart. Stick to the original planSorry for not being able to show it on the 60m Chart. I just upgraded my account two days ago.
Ghi chú
Finally, the pair goes as I expected. It's been a while but waiting is worthy. Normally, we have to wait for weekly setups. What to do next? You may trail your stops to control your risks.
plan your trade and trade your plan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
plan your trade and trade your plan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.