Here is a long trade idea on lower time frame. The price may head towards the low time frame support which when realized, will present an opportunity for a long trade. The target of the trade should be the top of this low time frame range which is around 71.25.
Comment:
Booked some profit here by closing half the size. Will add later in case it comes back to the buy zone.
Comment:
Added again to the long position. The size which was reduced has been added again. Lets aim for the target this time.
Comment:
And that concludes our trade here. The price has finally touched the target. We got opportunity to sell half the size at more than half of the target profit a couple of time and then load that size again. I have shared the long time frame perspective for this one already in a separate post. However, we will keep trading it on lower time frame as well. Next trade on this one in the next post.
