Last long trade stopped with 0.5% loss. Let us try long once again. It seems price retraced some more and now provides a better long entry.
Note
The price bounced well from the entry point. A bit of retracement after that and then continuing upward movement.Trade closed: target reached
So this time we caught the almost bottom and price followed the desired path and reached our target. The price faced a bit of resistance there but it was a smaller time frame resistance and did not hold. The price is now trading above the previous daily resistance and almost close to recent high. Let us keep an eye on it and look for good setups.If you like the content and find value in the posted analysis, please give a like and if you want to get notified about any new idea posted, please follow this account. I also share ideas on twitter, so if you want to tune to that, please check my twitter account: twitter.com/angela_altair
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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.