Earlier we were hoping for a short term short knowing that the general trend is bullish.
We took 20 pips in the old trade and we have a new trade setup here.
We have a minor channel embedded in a major channel, I have already bought at 1317 .
I don't think its wise selling even if we do break to the downside but this scenario is quite unlikely.
you can either buy at this point if your a aggressive trader or wait for it to break out the minor channel before making a move.
We took 20 pips in the old trade and we have a new trade setup here.
We have a minor channel embedded in a major channel, I have already bought at 1317 .
I don't think its wise selling even if we do break to the downside but this scenario is quite unlikely.
you can either buy at this point if your a aggressive trader or wait for it to break out the minor channel before making a move.
Note
going as planned, placing SL at BENote
if you missed the train, you can long after the breakout of this lineNote
retesting minor channel top of minor channel. going good so far.Note
114 pips so farNote
we are still retesting the channel, we will go up if this breaks
Note
we are back in the channel again, long till upper channelTrade active
Trade closed manually
160 pips
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Related publications
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.