The Trend Is Your Friend !!!
As illustrated by my chart, the price has bounced off the upward trendline twice. I expect it to do so a third time because of the decrease in bearish momentum and bullish reversal candles printed near the trendline. This should result in a nice long trade with 1:5 risk as to reward. The target price is 1.84226.
Feel free to share your opinions and leave a like if you like my idea. Happy trading.
Feel free to share your opinions and leave a like if you like my idea. Happy trading.
Trade active
The trade is going well, about 35 pips floating profit. I'm holding.Trade closed: target reached
As I said," the trend is your friend". Trade closed, 170 pips secured. We trade another day. Cheers.
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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.