With the price in consolidation within an ascending channel, wherefrom a W1 outlook price has just found rejection from the resistance trendline, under a bearish bias, allows for the following setups:
Position 1:
Price continues to form the channel reaching the resistance level with a buy-limit order
S/L: 145 pips - R:R | 1:3
T/P: aiming towards the demand zone
Position 2:
Price can manage to breakout support line form the channel, triggering order with the following price correction with a buy-limit order
S/L: 120 pips - R:R | 1:2
T/P: aiming towards the demand zone
Position 1:
Price continues to form the channel reaching the resistance level with a buy-limit order
S/L: 145 pips - R:R | 1:3
T/P: aiming towards the demand zone
Position 2:
Price can manage to breakout support line form the channel, triggering order with the following price correction with a buy-limit order
S/L: 120 pips - R:R | 1:2
T/P: aiming towards the demand zone
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FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
facebook.com/ogfxtrader
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
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.