Trend:
Uptrend since May 2022, confirmed UT with break of previous high in June. Nice pattern with higher highs and higher lows.
Currently 3rd bounce on the trend line. Also, previous downtrend line has now been used as support.
Setup:
Calculation with candle touching trend line on Sep. 16
Fluff 1%
Take Profit determined with angle of previous bounces and channel resistance line
Risk Reward Ratio >3:1 (3.33)
Place trade to enter with stop order on Sep. 17
DYOR
Best,
Raphaela
Uptrend since May 2022, confirmed UT with break of previous high in June. Nice pattern with higher highs and higher lows.
Currently 3rd bounce on the trend line. Also, previous downtrend line has now been used as support.
Setup:
Calculation with candle touching trend line on Sep. 16
Fluff 1%
Take Profit determined with angle of previous bounces and channel resistance line
Risk Reward Ratio >3:1 (3.33)
Place trade to enter with stop order on Sep. 17
DYOR
Best,
Raphaela
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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.
Tradingview Einsteigerkurs - Klick für Klick zum Mitmachen:
udemy.com/course/tradingview-einsteigerkurs-klick-fur-klick-zum-mitmachen/?referralCode=08AA99B09891EC921562
udemy.com/course/tradingview-einsteigerkurs-klick-fur-klick-zum-mitmachen/?referralCode=08AA99B09891EC921562
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.