Nice breakout and retest of the trendline, price attempted to break once the resistance.
Entry on 50% fibo retracement, sl on previous low.
The price rebounded for a second time on the 200 EMA daily and is about to break 200 EMA 4h
trade management: move stop loss by 1R after candle closes above a new R
Entry on 50% fibo retracement, sl on previous low.
The price rebounded for a second time on the 200 EMA daily and is about to break 200 EMA 4h
trade management: move stop loss by 1R after candle closes above a new R
Note
I dont really have a target, the TP is subjective, I just trail stop until it got hitTrade active
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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.