Re-entry Trade Low risk applied -Zone- Daily trend break made a supply zone -Stacked with the weekly zone -Limit order set at the valid 4hr Star Pattern
Why low risk?
-Aggressive entry -Price still showing clear down trend at the 4hr, -Respecting 50 EMA
Why entered?
-All confirmations aligned -Valid zone, valid pattern, fresh zone. -At the Daily Chart, price has been decelerating as it is approaching the zone.
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Price is still a few pips away before hitting the TP, but looking how the price is slowing its momentum and it's reaching the previous significant high from the daily and 4hr chart, I decided to close the trade with 1:2.8 R
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