So as per my last post (read related post) you will see this pair has went exactly as expected the market was clearly targeting the resistance located around the 0.71 area also the top of a Monthly SUPPLY/SELL zone.
We have evidence that price was slowing inside this area by the way it was slowing grinding up and moving in a sideways distribution fashion on the lower timeframes all we needed to get into this trade was a SELL signal on the TRFX indicator.
Which we have got across the board today and I have entered a position based on an 8 HR signal stop loss is located around 0.73 and first target will be the previous swing high in current move located at 0.69 with a final target being the 0.66 - 0.67 area.
As the position moves in my favor I will use a trailing stop as we move down.
Hope you enjoyed the post happy trading :)
We have evidence that price was slowing inside this area by the way it was slowing grinding up and moving in a sideways distribution fashion on the lower timeframes all we needed to get into this trade was a SELL signal on the TRFX indicator.
Which we have got across the board today and I have entered a position based on an 8 HR signal stop loss is located around 0.73 and first target will be the previous swing high in current move located at 0.69 with a final target being the 0.66 - 0.67 area.
As the position moves in my favor I will use a trailing stop as we move down.
Hope you enjoyed the post happy trading :)
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Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.