A very typical & quality short-term tactic for everyday trades
Weekly confirmed a high likelihood rebounce, and in 30m timeframe a good vegas channel zone is resisted with price actually bullish flag, enter when bullish momentum is out.
Hope to hold long for at least 2:1 risk reward but its the end of the week, not ideal to hold position over weekend, thus opt for 1.27 risk reward.
Hope to hold long for at least 2:1 risk reward but its the end of the week, not ideal to hold position over weekend, thus opt for 1.27 risk reward.
Trade closed: stop reached
POSITION STOPPED OUT
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.