On the 4-hour chart the trend started on Sept. 14 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.6963
But we should not forget about SL = 0.6276
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
There is a high probability of profit taking. Possible take profit level is 0.6963
But we should not forget about SL = 0.6276
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
Trade closed manually
I recommend closing the position with a profit. A change in trend is possible.
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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.