A huge reversal is turning out right now on the M15 Timeframe, traders are buying the dip in massive volumes.
GOOD TIME TO BUY NOW
As always, set your stop losses and trade carefully.
For traders looking for more safety/risk management :
(as the saying goes "All profits are unrealized till position closed, but all losses may be realized before you realize it" )
A safe TP 1 would be @ 9000, TP2 @ 9200 and TP3 @ 9500. Of course beyond 9500, we would go for 10000, amid some pullbacks.
Stop loss I would place @ 7700 the next support level, might not be a good risk reward ratio but the market right now is highly sensitive to any movement/trend direction changes, do not want any instantaneous impulse swing downward closing out any profitable entry position. (Some may disagree, but I do the same for WTI US Oil, known for big swings too) However, if you do this, YOU HAVE TO MONITOR IT CLOSELY and get ready to close any position without hesitation the moment you see confirmed reversal signs.
It is up to you to decide regarding stop loss positions, depending on personal risk aversion.
AS ALWAYS, LIKE AND FOLLOW IF YOU ENJOYED WHAT YOU SEE AND HOPE YOU GET PROFITS ON MY ANALYSIS = )
GOOD TIME TO BUY NOW
As always, set your stop losses and trade carefully.
For traders looking for more safety/risk management :
(as the saying goes "All profits are unrealized till position closed, but all losses may be realized before you realize it" )
A safe TP 1 would be @ 9000, TP2 @ 9200 and TP3 @ 9500. Of course beyond 9500, we would go for 10000, amid some pullbacks.
Stop loss I would place @ 7700 the next support level, might not be a good risk reward ratio but the market right now is highly sensitive to any movement/trend direction changes, do not want any instantaneous impulse swing downward closing out any profitable entry position. (Some may disagree, but I do the same for WTI US Oil, known for big swings too) However, if you do this, YOU HAVE TO MONITOR IT CLOSELY and get ready to close any position without hesitation the moment you see confirmed reversal signs.
It is up to you to decide regarding stop loss positions, depending on personal risk aversion.
AS ALWAYS, LIKE AND FOLLOW IF YOU ENJOYED WHAT YOU SEE AND HOPE YOU GET PROFITS ON MY ANALYSIS = )
Comment:
Previous Idea
Trade closed: target reached:
Closed at 8850 instead of TP1 @ 9000 due to the extended side movement, better to be safe with realized profits = )