enter price -118.50
stop loss -113.89
take profit -127.73
(1H timeframe)
DETAILS:at the 1h timeframe i noticed a trend line and then a breakout , since the breakout we can see the higher lows and higher highs (we are in uptrend) , the price entered a tunnel (in my opinion the price will break up) in this trade i sticked to the swing 10 high stratgey , we can see the swing high that got broken by a messive bullish candle with strong volume and then the seconed candle was strong a well (also with strong volume) i decided to enter the trade even tough the price was close of touching the resistence line of the tunnel .
after the touch there was a gap down the day after but the price went back up close to the opening price .
it seems like the price handling the gap down well , we can see also right after the gap down the long wicks of the candles faceing down (it means that there is a strong rejection from the price to go down)
now i opened a fib , when the price went down in the gap down it touched the 0.5 and one of the candles the 0.382
i will be happy to hear your analysis if you have one in the comments
stop loss -113.89
take profit -127.73
(1H timeframe)
DETAILS:at the 1h timeframe i noticed a trend line and then a breakout , since the breakout we can see the higher lows and higher highs (we are in uptrend) , the price entered a tunnel (in my opinion the price will break up) in this trade i sticked to the swing 10 high stratgey , we can see the swing high that got broken by a messive bullish candle with strong volume and then the seconed candle was strong a well (also with strong volume) i decided to enter the trade even tough the price was close of touching the resistence line of the tunnel .
after the touch there was a gap down the day after but the price went back up close to the opening price .
it seems like the price handling the gap down well , we can see also right after the gap down the long wicks of the candles faceing down (it means that there is a strong rejection from the price to go down)
now i opened a fib , when the price went down in the gap down it touched the 0.5 and one of the candles the 0.382
i will be happy to hear your analysis if you have one in the comments
Trade closed: target reached