Hello everyone,
I am observing a flag formation on the 1-hour chart. It can be bought if it retests the resistance (0.5185).
The target (90.6142) will again be the upper resistance.
Just in case, the lower support (0.4572) 10% stop-loss should not be ignored.
Farewell
I am observing a flag formation on the 1-hour chart. It can be bought if it retests the resistance (0.5185).
The target (90.6142) will again be the upper resistance.
Just in case, the lower support (0.4572) 10% stop-loss should not be ignored.
Farewell
Trade active
Price crossed the diagonal resistance line earlier than I expected. If the position is not opened at the initial entry price, it can be opened at the point where the price retests the diagonal resistance line.
The stop-loss point can be updated to the nearest horizontal support line 0.5185.
Trade closed: target reached
24 Dec 09:00 (UTC) target reached
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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.