Price hits the hard resistance area many times and bounces up. Pay a little attention to this resistance, the price every time it hits this barrier will gradually bounce up (from after a strong decline). Pay a little more attention than it should have bounced up the last time but why? Why turn up short and then have a slight downtrend?
Pay a little attention to the D frame and see that the last candle at the end of the week created a price rejection, showing that there is still 1 downside force, but the previous candle was a cloud cover pattern plus the pattern, prices rose at the bottom. This proves that there is a large possibility that the price of the last day of the week is reduced only once. So will find points to enter orders.
So the command setup (buy limit) entry point is as follows
Entry 1: 1.62455
Entry 2: 1.62113
Stop loss: 1.61154
Target: 1.71048
RR (return / risk) = 9.44
Risk management = 1% of account. Good luck
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck!
Pay a little attention to the D frame and see that the last candle at the end of the week created a price rejection, showing that there is still 1 downside force, but the previous candle was a cloud cover pattern plus the pattern, prices rose at the bottom. This proves that there is a large possibility that the price of the last day of the week is reduced only once. So will find points to enter orders.
So the command setup (buy limit) entry point is as follows
Entry 1: 1.62455
Entry 2: 1.62113
Stop loss: 1.61154
Target: 1.71048
RR (return / risk) = 9.44
Risk management = 1% of account. Good luck
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck!
