Entry: at 50% retracement
Stop Loss: at the Lower High (Origin of the fibo leg)
Take Profit: To the previous low on the 1st of August
*Constantly monitor your SL and TP once get in the trade.
** Once the trade moves in your favor, move SL to break even to reduce risk
*** If you see a reversal pattern before price hits TP, take profit straight away
**** Risk 1% of your capital
Stop Loss: at the Lower High (Origin of the fibo leg)
Take Profit: To the previous low on the 1st of August
*Constantly monitor your SL and TP once get in the trade.
** Once the trade moves in your favor, move SL to break even to reduce risk
*** If you see a reversal pattern before price hits TP, take profit straight away
**** Risk 1% of your capital
Trade active
Hold your positionDO NOT CLOSE NOW
Dont ever close a position until either TP is hit or price actions tells you otherwise.
Trade active
Sorry GuysIt meant to be short
It wasn’t a long trade
Sorry for the confusion
Trade closed: target reached
Close now
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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.