CHR ANALYSIS
Updated
A range has been formed and the price is approaching the upper range of this range.
Usually, when we have a range, the price tries to move from the bottom to the ceiling, and then from the ceiling to the bottom.
Considering the fresh and unused supply that we have, we are expected to have a reject POI range.
I specified the targets on the chart. I also specified the invalidation level. Closing a 4-hour candle above this level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Usually, when we have a range, the price tries to move from the bottom to the ceiling, and then from the ceiling to the bottom.
Considering the fresh and unused supply that we have, we are expected to have a reject POI range.
I specified the targets on the chart. I also specified the invalidation level. Closing a 4-hour candle above this level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trade closed: target reached
The desired move was made
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