DESCRIPTION: 38.2% rejection + channel breakout.
ENTRY: I entered the trade at the breakout of the channel (breakout of the counter trendline).
TARGET: TARGET is at the next support level of 1.32, combined with the AB extension level of 127.2%.
STOPS: STOPS will be placed above de 38.2% retracement level.
ENTRY: I entered the trade at the breakout of the channel (breakout of the counter trendline).
TARGET: TARGET is at the next support level of 1.32, combined with the AB extension level of 127.2%.
STOPS: STOPS will be placed above de 38.2% retracement level.
Note
Exited the trade at 1.33440 (-20 pips).Note
I reentered at the second breakout and got out when the market rejected the last low formed at 1.32750Trade closed: target reached
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.
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.