BOME is moving in uptrend and its forming HHs and HLs so we will wait for the break of the previous LLs which is the confirmation of the bullish trend, there is another possibility that is bearish divergence on 1hr time frame if BOME break its previous HLs so this is the confirmation of the down trend. So take a trade accordingly of the trend.
Trade active
Short Trade is active. use proper TP and SL with risk management.Note
TP Hit, BOME is still in down trend u can move ur TP at 0.008750 and SL on breakeven point.Note
Move SL at TP-1: 0.009614 and TP to TP-3 at 0.0079Note
Move SL at TP-2: 0.008750 and wait for final TP-4 at 0.007418Trade closed: target reached
All TPs hit. Almost 30% Profit on this trade.
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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.