Broken triangle and previous resistance makes for a good area to place a long position. We target the 0.618 retracement level of the large downtrend.
Trade active
Decent pullback, activate trade with a wider stop and smaller lot size. Aim for .618 level!Trade closed: stop reached
Hit stop loss, trade closed.
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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.