counter trend move possible
possible counter trend move to the downside from this point. Price reached to the top of the mini uptrend channel formed early this October, with a possibility of downward movement or consolidation required. Given it's overbought RSI in multiple TF, I put a counter trade in.
NOTE: RISKY SETUP. Manage your risk
SL: 0.74895
TP: Fib based. Don't be greedy on this one. Move to BE as soon as you wish considering it's counter trend.
Time scale: hold max 1 day, close as soon as you wish
Expected pips: 15 - 40 pips
GL.
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Disclaimer:
Chart is static market is not. I learn from loss and mistakes like everyone. No financial advise is given here. Your money your own risk. :) And Good luck.
NOTE: RISKY SETUP. Manage your risk
SL: 0.74895
TP: Fib based. Don't be greedy on this one. Move to BE as soon as you wish considering it's counter trend.
Time scale: hold max 1 day, close as soon as you wish
Expected pips: 15 - 40 pips
GL.
---
Disclaimer:
Chart is static market is not. I learn from loss and mistakes like everyone. No financial advise is given here. Your money your own risk. :) And Good luck.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.