Euro / U.S. DollarUpdated EUR/USD 1 Hour Breakout
Sorry for not posting for some time.
Seems like the market closed as a breakout was happening. There is a resistance level right on top of the trendline.
Planning on selling at the resistance level(or at open), with a SL above the level. Will probably use a trailing stop but depends on the situation of the market.
Planning on buying at the SL of the other order, because it will be the breakout of both the trendline and the resistance. Not sure about TP level, so a wide trailing stop would be a good idea. SL below the resistance(after it breaks out it will turn into support).
Seems like the market closed as a breakout was happening. There is a resistance level right on top of the trendline.
Planning on selling at the resistance level(or at open), with a SL above the level. Will probably use a trailing stop but depends on the situation of the market.
Planning on buying at the SL of the other order, because it will be the breakout of both the trendline and the resistance. Not sure about TP level, so a wide trailing stop would be a good idea. SL below the resistance(after it breaks out it will turn into support).
Note
Broke the trendline and testing the resistance. Currently in a sell order, but close it and buy if it breaks out as you can see in the chart.Note
Going perfect!Note
Close at 1.05415 to be safe. I think it might go back up. Nice profitsNote
Just after I close the position at a good price, prices start to spike back up :DNote
If you took the buy trade, you can close it now with some nice profit :D
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.