I marked something similar to triple bottom which snuggest that the psychological number 0.05000 created solid support which hold any attempt since 1st of April. There is nice strong movement and flag pattern(marked with dotted lines) on 4H chart. I would expect from this price action that the pair will move higher and I would look for TP around 0.077000 level. It is possible that the pair will go lower but as always I think 200 EMA will push the pair higher.
I would like to try the 10% challenge.(I will always try to go small bit higher because fees etc. will take some of the profit).
Basically I will take part of my portfolio and will put it all on the trade when it will reach 10% profit I will close position and then will look for another opportunity and when I will find one I will invest all the money plus profit from previous trade and I'm gonna do it like this for 50 times. I'm expecting that some of the trades will fail so I will put very tight SL to prevent big losses. I will only trade safe and I'm not looking for the risky trades. If you are following me and you are happy with the results for the last few months you can follow me with this one and trust me I will put my money on it as well.
I will mark every trade for this challenge with 10% at the end of the description same as this one
I would like to try the 10% challenge.(I will always try to go small bit higher because fees etc. will take some of the profit).
Basically I will take part of my portfolio and will put it all on the trade when it will reach 10% profit I will close position and then will look for another opportunity and when I will find one I will invest all the money plus profit from previous trade and I'm gonna do it like this for 50 times. I'm expecting that some of the trades will fail so I will put very tight SL to prevent big losses. I will only trade safe and I'm not looking for the risky trades. If you are following me and you are happy with the results for the last few months you can follow me with this one and trust me I will put my money on it as well.
I will mark every trade for this challenge with 10% at the end of the description same as this one
Note
I'm still positive for this trade, What I can see here is that the pair is trying to go thru solid support around .070000. I see two options here
0.7000 level will be pierced with big caffeine candle on 4H chart and will move towards TP area
or it will be rejected, move south then for some time and then 200 Ema will give it a push and eventually it will reach TP area and move beyond.
Note
It seems like our first goal has been reached.so we have 1st completed 49 to go.
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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.