Long
IPOB 30-11-2020
Asset and Time frame - IPOB, Daily & 4H
Entry Price -Limit Order 22.60
Exit(Stop Loss) -21.00
Exit(Take Profit) -28.17(I'll be following the price action, if this will be a strong uptrend, I will keep holding until I see some fatigue)
Technical Analysis - On the daily chart, it seems like the first impulsive and corrective waves are done, and now we are starting a 2nd impulsive wave with a big engulfing candle. on the 4H chart, the Fibonacci retested the 0.382 and quickly shot up, it seems like a better entry wouldn't be available.
What can be improved & Conclusion & End of Trade -
Entry Price -Limit Order 22.60
Exit(Stop Loss) -21.00
Exit(Take Profit) -28.17(I'll be following the price action, if this will be a strong uptrend, I will keep holding until I see some fatigue)
Technical Analysis - On the daily chart, it seems like the first impulsive and corrective waves are done, and now we are starting a 2nd impulsive wave with a big engulfing candle. on the 4H chart, the Fibonacci retested the 0.382 and quickly shot up, it seems like a better entry wouldn't be available.
What can be improved & Conclusion & End of Trade -
Trade closed: stop reached
Market sentiment went bearish
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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.