I believe market will go to a small correction soon, so it is quite risky to open long positions.
However, I will take the risk and try this tactic.
This is just a trial not a financial advice.
However, I will take the risk and try this tactic.
This is just a trial not a financial advice.
Comment:
It broke the channel. However, I will keep my position as long as it doesn't close any daily candle below 1.06$ since I believe it is a fake breakout.
Comment:
As I thought, the breakout was fake and we reached the first TP point.
Comment:
We reached the TP2. I take my profits and leave the rest till if it reaches the upper channel line.
Trade closed: target reached:
You can take your money here, or you can take the risk and wait more.
Trade closed: target reached:
It touched the upper channel line so I closed my position.