1) Significant decision point holding the price. Price approached and reacted with a bull momentum.
2) Sell trendline which could hold the price from continuing it's upward movement.
3) Possible range that price will choose to play in between.
Safest SL placement will be below the blue zone decision point. I am squeezing for tigher SL for better risk reward but do bear in mind this is the risk i am willing to take. Manage your risk, trade safe.
2) Sell trendline which could hold the price from continuing it's upward movement.
3) Possible range that price will choose to play in between.
Safest SL placement will be below the blue zone decision point. I am squeezing for tigher SL for better risk reward but do bear in mind this is the risk i am willing to take. Manage your risk, trade safe.