Reason to trade: Price stops in previous high area for the third time, if it won't break in the time of few next candles we might go down
Stop Loss: Setup will be active as long as current resistance stops the price (~1.54484)
Take Profit: Possible take profit area is last low (~1.53538). If support (green line) will break price may create new local low around 1.53109. In long term we may even reach ~1.50945
Stop Loss: Setup will be active as long as current resistance stops the price (~1.54484)
Take Profit: Possible take profit area is last low (~1.53538). If support (green line) will break price may create new local low around 1.53109. In long term we may even reach ~1.50945
Note
new low on M5 hits local trendlineNote
local trendline has brokenNote
TP1 reachedNote
TP2 reached
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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.