Initiated a long position when I noticed the box forming.
I initiated it inside the box because there was already a false break to the downside so I figured another break down is unlikely
TP is the top of the structure - 1.22600
SL is below the rectangle - 1.21807
For a 3:1 RRR
I initiated it inside the box because there was already a false break to the downside so I figured another break down is unlikely
TP is the top of the structure - 1.22600
SL is below the rectangle - 1.21807
For a 3:1 RRR
Note
Another rectangle detected. #EURUSD is now doing the stair-stepping thing. Hope we reach TP soon
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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.