Roaring to Profits: Uncover the 8.86% Upside Potential in ARRUSD
Technical Analysis:
1.The red line represents a crucial breakout point that triggers an 8.86% bull run.
2.Set your stop loss based on the demand zone of either 1 or 4-minutes intervals. If you need assistance in creating them, please direct message me.
3.Take profits by closing half of your position when reaching the orange line, and adjust your stop loss to breakeven if I haven't provided an update in the thread.
4.Close an additional 25% of your position at the blue level.
5.Remain patient for confirmation of trend continuation, which will be communicated in the thread.
Your comments and feedback greatly boost my confidence and contribute to my growth. Feel free to share your thoughts if you have a different perspective!
Cheers!!
1. The breakout was relocated to the new red line because it now aligns with a one-hour time frame, unlike my initial setup based on a 15-minute breakout time frame.
2. The decision to move the breakout to a higher time frame is not the typical approach, but I have a strategy behind it.
3.The stop loss was changed due to the identification of a new structure that, if broken, could potentially alter the market's dynamics within a one-minute timeframe.
4.If I had entered the trade, my plan was to take 50% profits at the black line and then adjust my position to breakeven.
5.This decision was prompted by the observation of a downside break in the market structure shortly after entering the trade, indicating a potential shift in the market direction.
6.The break in structure (BOS) was the first signal that caught my attention and influenced my decision to take profits and secure my position at breakeven.You can use the same strategy to move your SL too
I share numerous ideas, so please inform me if you are following any specific one. This way, I can promptly update you on those moves. However, I primarily update the moves that I have personally taken.
Nonetheless, I understand that an opportunity is an opportunity, and I am open to discussing and considering other options as well.
I am eager to hear back from you soon!