all my analysis is technical on this trade
first i start off with looking at support and resistance areas
then i see there's a opportunity for a fib retracement , which already did retrace between the 61.8 and 78.6 area
im buying till just below next resistance that could be at.
the trade shown is where my tp1 will be , tp2 like i said is at the resistance bar
long term i see it breaking resistance testing that support bar then flying further
i will update this trade when that time comes
first i start off with looking at support and resistance areas
then i see there's a opportunity for a fib retracement , which already did retrace between the 61.8 and 78.6 area
im buying till just below next resistance that could be at.
the trade shown is where my tp1 will be , tp2 like i said is at the resistance bar
long term i see it breaking resistance testing that support bar then flying further
i will update this trade when that time comes
Trade closed: target reached:
tp hit sooner than expected