Hello guys.
This index has been forming a bearish/ falling flag for the past few weeks and it broke out of the channel, retested it and a bullish momentum has been formed.
My entry point for this trade is at 3800. My stop loss is placed below the previous market zone at 3720 and my targets are 3880, 3960 and 4040.
My R:R is 1: 3.
Remember, move your stop loss above the entry point when the market hits the first target(if the market tends to move according to our prediction). Risk only 1-2% of your account.
This index has been forming a bearish/ falling flag for the past few weeks and it broke out of the channel, retested it and a bullish momentum has been formed.
My entry point for this trade is at 3800. My stop loss is placed below the previous market zone at 3720 and my targets are 3880, 3960 and 4040.
My R:R is 1: 3.
Remember, move your stop loss above the entry point when the market hits the first target(if the market tends to move according to our prediction). Risk only 1-2% of your account.
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TP1 Hit!