PA is appoaching a strong resistance level, which lines up with a 3th touch of a trend line.
SL is placed just above next resistance level
TP is places just above previous low + 4hour 50EMA
Risks of trade:
Market is favouring the upside, so the trade is agains the trend, therefore can't target to far down.
SL is placed just above next resistance level
TP is places just above previous low + 4hour 50EMA
Risks of trade:
Market is favouring the upside, so the trade is agains the trend, therefore can't target to far down.
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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.