Today, we will share a long setup; here is the full explanation:
a) The price has broken a descending trendline after reaching a support zone and making a reversal movement
b) Currently, we can see a corrective structure making a throwback on the broken area
c) Based on that, we have set a long setup above the trendline of the corrective structure (check Entry, Take Profit and Stop on the chart)
d) We will move our stop loss into break even if the price reaches the yellow line.
e) We will risk 1% of our capital on this specific trade
f) Remember: Trade Safe, protect your capital, and always understand what you are doing!
a) The price has broken a descending trendline after reaching a support zone and making a reversal movement
b) Currently, we can see a corrective structure making a throwback on the broken area
c) Based on that, we have set a long setup above the trendline of the corrective structure (check Entry, Take Profit and Stop on the chart)
d) We will move our stop loss into break even if the price reaches the yellow line.
e) We will risk 1% of our capital on this specific trade
f) Remember: Trade Safe, protect your capital, and always understand what you are doing!