hi traders. we have an important area of value on the 15m chart around 1.30146- 1.30120 area.
price seems to be slowing down in the uptrend that it is in. once price passes 1 pip through this area we will see a big move
to the downside and a start of a downtrend! set a 10 pip stop loss and look for at least 10 pips. I would go for 20 pips but once in profit I usually move my trailing stop loss into profit.
price seems to be slowing down in the uptrend that it is in. once price passes 1 pip through this area we will see a big move
to the downside and a start of a downtrend! set a 10 pip stop loss and look for at least 10 pips. I would go for 20 pips but once in profit I usually move my trailing stop loss into profit.
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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.