The neckline of the W is the a major zone 158.500 we could see a bullback into this zone
Monthly is very bullish, but its a trade for lower time frame
Weekly could see a pullback for the until next week
Daily so much things going on:
1- we have made a M formation that should be completed later on
2- because of this M formation we are currently bellow market structure on the daily
BUT 3- We are retesting and currently rejecting last support and we are kinda making a I.C.I. for the up side.
So instead of 1% risk i will put 0.5%
Monthly is very bullish, but its a trade for lower time frame
Weekly could see a pullback for the until next week
Daily so much things going on:
1- we have made a M formation that should be completed later on
2- because of this M formation we are currently bellow market structure on the daily
BUT 3- We are retesting and currently rejecting last support and we are kinda making a I.C.I. for the up side.
So instead of 1% risk i will put 0.5%
Trade closed: target reached
3 rr profit
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.
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.