Something interesting could be at play here with a broader picture.
If you take monthly timeframe on the left, we could expect a tag of the red trendline happening sooner or later.
Daily time frame gives us an entry based on TDI, with a clean cut.
We are a day late to the party but still RR seems quite good.
As usual, I would take a cautious approach with some profit taking around 1RR with trailing SL following. That should happen around 0.666.
GL HF
If you take monthly timeframe on the left, we could expect a tag of the red trendline happening sooner or later.
Daily time frame gives us an entry based on TDI, with a clean cut.
We are a day late to the party but still RR seems quite good.
As usual, I would take a cautious approach with some profit taking around 1RR with trailing SL following. That should happen around 0.666.
GL HF
Trade closed manually
This new setup could indicate a long... So I suggest to close here 50%@TP1.Have been also quite close to TP2, but wasn't around to close it manually.
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Related publications
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.