I thing here we have constant higher high and higher lows... beside we have two support area (horizontal and diagonal)...
Also it is MTR .
we can expect a rally up to next resistance level.
As there are lots of SLs below the previous LL , it may attract brokers to hit the stops so the SL should be well bellow the previous LL...
Also it is MTR .
we can expect a rally up to next resistance level.
As there are lots of SLs below the previous LL , it may attract brokers to hit the stops so the SL should be well bellow the previous LL...
Trade active
new SL 9.60Trade closed: target reached
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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.