Updated
BLL - Low risk trade
The R/R is somewhat stale. However, the technicals and price action indicate there if possible further upward momentum.
Currently, price action is sitting on support formed by the Kijun and Tenkan.
If price action continues, there should be a rally to the last high at the very least.
If price action breaks support, we can cut our losses at the previous support (and possibly re-initiate the position depending on the variables at that time)
Currently, price action is sitting on support formed by the Kijun and Tenkan.
If price action continues, there should be a rally to the last high at the very least.
If price action breaks support, we can cut our losses at the previous support (and possibly re-initiate the position depending on the variables at that time)
Note
Profit target hit
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Join The Spekre ACS Creator Pool and gain access to exclusive trading indicators, copy trading, exclusive content, and more tools in the future! Link: hub.accessprotocol.co/creators/J8TpW6cypxheFUYjWn4mxS6ExvBEMxyMiRvrf43Nhnvy
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.