Hi traders,
this may be late but i want to show you anyway cause it lines up with some of my previous analysis and that would be a valid trade for my strategies.
Here we are retesting a level of previous reistance (black line); as usual we look for trading opportunities in lower timeframes in situation like this. A good trading opportunity would be that double top with engulfing kicker that you can see on the right of your screen.
Anyway i will be careful for if this doesn't touch my hypotetical target i would sell the market if and when price comes back to the close of the engulfing candle.
Stop above highs, first target at 1:1, second target along with structure (that is possibly far away at 132 flat).
Let's see!
If you want to share your opinion, feel free to comment.
Otherwise, see you in the next chart!
this may be late but i want to show you anyway cause it lines up with some of my previous analysis and that would be a valid trade for my strategies.
Here we are retesting a level of previous reistance (black line); as usual we look for trading opportunities in lower timeframes in situation like this. A good trading opportunity would be that double top with engulfing kicker that you can see on the right of your screen.
Anyway i will be careful for if this doesn't touch my hypotetical target i would sell the market if and when price comes back to the close of the engulfing candle.
Stop above highs, first target at 1:1, second target along with structure (that is possibly far away at 132 flat).
Let's see!
If you want to share your opinion, feel free to comment.
Otherwise, see you in the next chart!
Trade active:
As previously supposed, price retraced a little bit giving me the chance to sell the market at 138,43.
Stop at 139,04
Target 1 at 137,80
Stop at 139,04
Target 1 at 137,80
Trade closed: target reached:
First target hit quickly, let's see if we can lock in other profits.
Meanwhile stop moved to break even.
Meanwhile stop moved to break even.
Trade closed: target reached:
Second position out for be