Advice:
1) Trade at your own risk
2) IMP: Do not rush or jump into the trade take your time and analyze.
3) Manage your risk properly, divide your lots into three with the idea of taking profit thrice.
4)That way even if we don't reach our target we will be able to secure some profit on the way.
5) Consider moving your sell loss at breakeven after 25+ pips in profit.
Analysis and justification:
- I have taken a top down approach and located a strong zone of resistance
- Possible chance of entry as there is a double top forming.
- However, we need wait for the hourly candle to finish and see the trend and invest accordingly.
- I will try to keep everyone updated.
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Comment if you would like to add something.
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1) Trade at your own risk
2) IMP: Do not rush or jump into the trade take your time and analyze.
3) Manage your risk properly, divide your lots into three with the idea of taking profit thrice.
4)That way even if we don't reach our target we will be able to secure some profit on the way.
5) Consider moving your sell loss at breakeven after 25+ pips in profit.
Analysis and justification:
- I have taken a top down approach and located a strong zone of resistance
- Possible chance of entry as there is a double top forming.
- However, we need wait for the hourly candle to finish and see the trend and invest accordingly.
- I will try to keep everyone updated.
Like if you found the post helpful.
Comment if you would like to add something.
Follow me to keep yourself updated with my latest analysis :)
Comment:
Still waiting for signs of reversal. Do not open trade unless there is a clear sign
Trade active
Trade closed: stop reached