At the time 2018-05-18 (9:00 UTC+8) a V-Formation is spot. It basically tells you that the market is going to change it trends. And the uptrend is still healthy recently the market pull back to its S&R area. A trade set-up for this is made.
Trade set-up:
Open: 149.150
S/L: 148.800 (35 pips)
T/P: 150.850 (170 pips)
Note: Trade will be open at a slightly higher price if it does not hit the pending order once the candle close.
Trade set-up:
Open: 149.150
S/L: 148.800 (35 pips)
T/P: 150.850 (170 pips)
Note: Trade will be open at a slightly higher price if it does not hit the pending order once the candle close.
Note
Trade position open
Open: 149.349
S/L: Remain 35 pips
T/P: Remain 170 pips
Note
Just moved the S/L to 149.369 (Cap 2 pips profit)The trade is now officially risk free!
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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.