The chart shows a Descending Channel structure which has been broken with strong bullish momentum. a potential reversal in play.
📈 TRADE PLAN:
🔹 Entry: 1.7907 (after confirmation on retest)
🔹 Stop Loss (SL): 1.6909 (below recent support)
🔹 Target: (Based on next key resistance zone – you may set manually or use trailing TP depending on market strength)
🧠 Strategy:
Wait for a proper retest of the broken trendline (support now) and confirm entry with bullish candlestick structure. Risk should be managed strictly with SL placement just below support.
Opportunities don’t happen. You create them." – Chris Grosser
📈 TRADE PLAN:
🔹 Entry: 1.7907 (after confirmation on retest)
🔹 Stop Loss (SL): 1.6909 (below recent support)
🔹 Target: (Based on next key resistance zone – you may set manually or use trailing TP depending on market strength)
🧠 Strategy:
Wait for a proper retest of the broken trendline (support now) and confirm entry with bullish candlestick structure. Risk should be managed strictly with SL placement just below support.
Opportunities don’t happen. You create them." – Chris Grosser
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.
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.