We’ve already hit our take-profit (TP) target, and the price has now reached the highest volume zone, which is where it previously dropped from. Currently, the price is attempting to form a higher high, but the upward momentum is slowing down. If you look at the volume, there’s a noticeable divergence—price is making progress, but the volume at the bottom isn’t significant, indicating weakness in the move.
For your take-profit levels, you can aim for TP1 which around 250+ pips during the initial impulse move and TP2 which is 450+ pips if the price continues to push higher. Keep an eye on the volume and momentum for confirmation.
Hint - FOR SL Don't use more than 30-40 Pips or MAX 50 Pips Depends Your Lot Size and Risk Management.
For your take-profit levels, you can aim for TP1 which around 250+ pips during the initial impulse move and TP2 which is 450+ pips if the price continues to push higher. Keep an eye on the volume and momentum for confirmation.
Hint - FOR SL Don't use more than 30-40 Pips or MAX 50 Pips Depends Your Lot Size and Risk Management.
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Related publications
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.