The purple lines represent areas of price reaction. I anticipate that if price continues with bullish momentum, that it'll eventually hit the next area of significance (which is where the TP is set).
I have been trading this strategy for a few months now, and since the start of December I have made just shy of 35%.
I risk 1% per trade, usually in return for anything above 2%.
In no way is any of this financial advice. I am not a financial advisor, just a trader who is sharing their ideas for purely educational reasons.
If you choose to take this trade, that risk is on you.
No trades are guaranteed. However when you have probability on your side, your chances of success are higher (but not guaranteed)
I have been trading this strategy for a few months now, and since the start of December I have made just shy of 35%.
I risk 1% per trade, usually in return for anything above 2%.
In no way is any of this financial advice. I am not a financial advisor, just a trader who is sharing their ideas for purely educational reasons.
If you choose to take this trade, that risk is on you.
No trades are guaranteed. However when you have probability on your side, your chances of success are higher (but not guaranteed)
Unfortunately, this trade hit SL.
However, as you can see when you fast forward, if I had entered this trade anytime after March 25, we would have had a winner.
That's just trading. You can't win them all. Although I would still say that the idea itself was valid, as price eventually went in that direction.