The price is waving between 50MA and 100MA, while 25MA crossed down the 50MA. The crossing 25MA down 50MA could give us a sign that the price moving down. However, we will not ignore the uptrend in 4h and D timeframe.
There is another sign, showing us the sideways. Looking for the previous 3 highs and 2 lows before the last price drop (in 4H timeframe), it is not obvious whether the price drawing a clear higher high or lower low.
Overall, considering the good Risk/Reward ratio = 2, and not putting at risk more than 2 % of an account, we can enter the trade.
There is another sign, showing us the sideways. Looking for the previous 3 highs and 2 lows before the last price drop (in 4H timeframe), it is not obvious whether the price drawing a clear higher high or lower low.
Overall, considering the good Risk/Reward ratio = 2, and not putting at risk more than 2 % of an account, we can enter the trade.
Trade closed: target reached
Good trade, the amazing risk-reward ratio
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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.
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.