It's on strong support with a nice daily pinbar candle on top of it, buy when there's a clear break of the trend resistance as well.
Note
I know it's a 1:1 RR on the chart, what i am actually doing is setting an emergency stop loss at around 120 pips away from my entry. I'll manually cut it when i think it's not going my way. This allows me to put on a larger position without the risk of getting stopped out by "stop hunts". In reality this trade is about 1:2 - 1:3 RRRNote
Lets see if that long term trend support holdsNote
Broke S1 support, another reason why i dont enter too earlyOrder cancelled
Note
this is still in play for a long, lets seeTrade active
Trade closed manually
Got some good profit, have a good new years everyone!Disclaimer
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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.