Makeyourmoneywork4U Trade Idea
Pair: UK100
Position: BUY
Timeframe: DAILY
STOP LOSS: 5400
TAKE PROFIT: 7000
Reason for trade: I am watching this pair as may go a bit lower to around 5460 level to hit the 50% fib line before getting an entry and holding for the long term to around 7000 (161.8% fib line)
If it hits the 50% wait for a higher low retest to get the perfect entry, This is a long term trade so apply proper risk management
Pair: UK100
Position: BUY
Timeframe: DAILY
STOP LOSS: 5400
TAKE PROFIT: 7000
Reason for trade: I am watching this pair as may go a bit lower to around 5460 level to hit the 50% fib line before getting an entry and holding for the long term to around 7000 (161.8% fib line)
If it hits the 50% wait for a higher low retest to get the perfect entry, This is a long term trade so apply proper risk management
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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.