long trade here,
clear support on dotted red line confirmed by support S1, from pivot point
should this trade trigger and trade to pivot point I will move stops to break even or lock in profits with a trailing stop but as price has reach target multiple times this should be an easy win with good chance of success.
risk reward ratio - 2.5:1
entry: 10 point above previous high
stoploss: 10 points Natural support identified by red line,
target: resistance level R1,
move stop loss/possible early target @ pivot level.
enjoy
clear support on dotted red line confirmed by support S1, from pivot point
should this trade trigger and trade to pivot point I will move stops to break even or lock in profits with a trailing stop but as price has reach target multiple times this should be an easy win with good chance of success.
risk reward ratio - 2.5:1
entry: 10 point above previous high
stoploss: 10 points Natural support identified by red line,
target: resistance level R1,
move stop loss/possible early target @ pivot level.
enjoy
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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.