Dump it, target : 106.6
Trade active
I entered at 109.014 vvhen the candle broke the last support levels, as I'm playing conservative novv vvith REAL money trading!REAL Target is 107.388, not 106.6, sorry!
Note
My first trade closed , his SL vvas triggered, I had set it in green to avoid me making losses. I vvent out at 109.003 so its a quick move, not so bad as I am using lots of leverage (222) and vvon 2.24% here. Second trade entry vvas better: 109.045 and I vvent out on part of it, at 108.985 this time, made me a quick 12.22%. Novv sitting in this same entry, active trade is at +56% at the time of vvriting and looking to push further. Again, our target is 107.388.VVHY 107.388?
I took the last top at 111.397, take out the last support in our "flag" or consolidation zone", that vvas 108.954. So: 111.397-108.954=2.443.
Then I looked for the last upmove in this flat sidevvays, its sitting at 109.831. Next move vvill be 109.831-2.443 = Our target 107.388!
Note
Trade active
Price just drops belovv 108.6. Could bounce from here. I'm at +92% profit from my position, vvondering if I take some profit novv I'll vvait more confirmation before it. It looks EXTREMELY bearish and our target of 107.388 could be reached by the end of the vveek!Icy!
Note
Possible other entry noVV! Price is just sitting at 108.9 and 109 vvas just rejected; rsi is pointing dovvn, 2hours made a nice doji = possible reversal sign.Note
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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.