Watching an overall channel in the price action, and still waiting for the bottom entry in the linked idea, just also placing a sell limit with the same price outline.
Assuming pattern will continue and keeping orders on the line, the sell however will continue a bit further as the channel is a downtrend.
Using double orders, with one set for slightly more than...
the price broke its rising channel.
In this trend, short positions can be very successful between now and the yellow area.
If the price falls and reaches the risk-free level, you can risk-free the position.
The optimal stop-loss is above the line.
TP1-2 are on the chart.
Please share ideas and leave a comment,
let me know what's your idea.
Hello traders, EUR/USD is trading at 1.1785. The price is moving in a downward resistance and support channel, after touching support level it can retrace back to its resistance level. The entry price for the pair is at 1.1794, target price is at 1.1823 and stop loss price is at 1.1769.
Follow proper risk management strategy to avoid unnecessary losses and to...
Currently, EUR/USD is trading at 1.1778. The pair is trading in a downward resistance and support channel and now moving towards its support level. The price can retrace back to resistance level and then it can come down to break the support level.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more...
Currently, EUR/USD is trading at 1.1850. The pair is trading in a resistance and support channel for some time. It has rebounded after touching the support level and can touch the resistance level if it breaks the 1.1874 price level. So, accordingly plotted entry levels and target price. If the price breaks the 1.1874 level, it can start a new uptrend and its...