On the daily chart, the trend started on May 5 (linear regression channel).
There is a high probability of profit. Possible take profit level is 1.0460
But do not forget about the SL = 1.1101
A possible scenario: currently on the m30 timeframe, the trend continues to be upward. The profit point is around 1.0966. Therefore, I think it is possible to place a limit order at this level.
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good Luck!
Regards, WeBelieveInTrading
There is a high probability of profit. Possible take profit level is 1.0460
But do not forget about the SL = 1.1101
A possible scenario: currently on the m30 timeframe, the trend continues to be upward. The profit point is around 1.0966. Therefore, I think it is possible to place a limit order at this level.
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good Luck!
Regards, WeBelieveInTrading
Trade active:
Sell order open 1.0966