Hey everyone!
And here's the third trade, enjoy!
Trade Description
An overall long-term bullish structure has been formed since last year, technical indicators (MAs and Stoch) signal demand presence after the market broke a resistance area to then pull back to it.
Lack of supply pressure is shown when the market interacted with the (in theory) new support zone, both through price action and the Stoch indicator.
TP1 is set at the high of the impulse that broke the resistance zone, and TP2 will remain open with a trailing SL. There are some long-term areas that can work as potential targets for the second take profit, routine market monitoring will tell when a manual close of the second half is good. SL placed 1 ATR below the last low made on the resistance breakout test.
And here's the third trade, enjoy!
Trade Description
An overall long-term bullish structure has been formed since last year, technical indicators (MAs and Stoch) signal demand presence after the market broke a resistance area to then pull back to it.
Lack of supply pressure is shown when the market interacted with the (in theory) new support zone, both through price action and the Stoch indicator.
TP1 is set at the high of the impulse that broke the resistance zone, and TP2 will remain open with a trailing SL. There are some long-term areas that can work as potential targets for the second take profit, routine market monitoring will tell when a manual close of the second half is good. SL placed 1 ATR below the last low made on the resistance breakout test.
