The price bounced from 2.75 support zone. Despite a bearish signal from MACD histogram, we can expect a possible upward movement starting from that zone. RSI is going to confirm the price reversal.
Here is an example of a long trade. Stop orders has to be placed below the support and the local swing low. The profit target should be at the previous market high.
Risk per trade must be no more than 5% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Here is an example of a long trade. Stop orders has to be placed below the support and the local swing low. The profit target should be at the previous market high.
Risk per trade must be no more than 5% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Comment:
Move stop orders to the breakeven.
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💎 Share My BEST Trades here 👉 bit.ly/wubits