A retracement is a minor pullback or change in the direction of a financial instrument or Retracement happens when the price reverses near the pivot points of support and resistance levels.
Indeed I am going against the Daily bullish trend. Stop loss obviously placed slightly above the resistance, and take profit slightly before the support.
Thank you
#agofx #gbpusd
Indeed I am going against the Daily bullish trend. Stop loss obviously placed slightly above the resistance, and take profit slightly before the support.
Thank you
#agofx #gbpusd
Note
Move SL to BE.
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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.