Today, we have a long setup to share. Here you will see a full explanation
a) The price is on a major Support Zone (check the weekly chart)
b) Now we can see a broken descending trendline after the price reached a significant reversal level
c) On the edge of the broken trendline, we have a clear Corrective Structure (Bullish Pennant)
d) Based on the previous items, we will execute long trades towards the next resistance zone at 186.63
e) Our Entry / Stop / Take profit level are the ones that you can see on the setup
f) Our Break Even level is the yellow line
g) We will take this setup using 1% of our capital
h) Remember: Trade Safe, protect your capital, and always understand what you are doing.
a) The price is on a major Support Zone (check the weekly chart)
b) Now we can see a broken descending trendline after the price reached a significant reversal level
c) On the edge of the broken trendline, we have a clear Corrective Structure (Bullish Pennant)
d) Based on the previous items, we will execute long trades towards the next resistance zone at 186.63
e) Our Entry / Stop / Take profit level are the ones that you can see on the setup
f) Our Break Even level is the yellow line
g) We will take this setup using 1% of our capital
h) Remember: Trade Safe, protect your capital, and always understand what you are doing.