Firstly from first sight identified a triangle and plotted my points, added my support/resistance lines to view all rejections and breakthroughs (S1-S5 & R1-R5). I see 3 opportunities for LONG positions, the first right above the R3, if a breakthrough is successfully added my BUY STOP a few pips above the R3 to avoid false touches or breakthroughs, duplicated the logic onto the second opportunity above the R4 and lastly the same above R5. This is an extreme prediction and if successful will prove trends are still able to respect the support and resistance lines
Yorum:
Reaching TP very soon, successful setup and prediction
İşlem kapandı: hedefe ulaştı
İşlem kapandı: durdurma seviyesi:
SL hit on the second trade, but the setup looked strong, need to adjust the SL properly in the future