I entered at 109.014 vvhen the candle broke the last support levels, as I'm playing conservative novv vvith REAL money trading!
REAL Target is 107.388, not 106.6, sorry!
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My first trade closed , his SL vvas triggered, I had set it in green to avoid me making losses. I vvent out at 109.003 so its a quick move, not so bad as I am using lots of leverage (222) and vvon 2.24% here. Second trade entry vvas better: 109.045 and I vvent out on part of it, at 108.985 this time, made me a quick 12.22%. Novv sitting in this same entry, active trade is at +56% at the time of vvriting and looking to push further. Again, our target is 107.388.
VVHY 107.388?
I took the last top at 111.397, take out the last support in our "flag" or consolidation zone", that vvas 108.954. So: 111.397-108.954=2.443.
Then I looked for the last upmove in this flat sidevvays, its sitting at 109.831. Next move vvill be 109.831-2.443 = Our target 107.388!
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Trade active
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Price just drops belovv 108.6. Could bounce from here. I'm at +92% profit from my position, vvondering if I take some profit novv I'll vvait more confirmation before it. It looks EXTREMELY bearish and our target of 107.388 could be reached by the end of the vveek!
Icy!
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Possible other entry noVV! Price is just sitting at 108.9 and 109 vvas just rejected; rsi is pointing dovvn, 2hours made a nice doji = possible reversal sign.