The price bounced from the support zone at the uptrend line. It gives us a buy opportunity. This trade is risky because we don't have solid signals supporting the upward movement from the daily chart. But the risk-reward is good, and this trade makes sense.
Entry Price: above 16.94
Stop Level: below 16.89
Profit Level: at 17.09
Risk per trade must be no more than 1% of your capital. If the price drops below the local uptrend line, we will have to search for a new trade opportunity.
Entry Price: above 16.94
Stop Level: below 16.89
Profit Level: at 17.09
Risk per trade must be no more than 1% of your capital. If the price drops below the local uptrend line, we will have to search for a new trade opportunity.
Trade closed: stop reached
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