In the higher timeframes (monthly) prices have traced a confirmed uptrend.
This is also confirmed in the daily timeframe.
But prices being in a strong structural and psychological level, we are expecting a significant counter trend, which happens to have been confirmed in the lower time frames.
We are risking 13 pips on this trade aiming a potential 1:10+, but still proper trade management is always needed to make sure profits are secured incase targets are not reached.
DISCLAIMER: This is not a financial advice, always trade with caution.
This is also confirmed in the daily timeframe.
But prices being in a strong structural and psychological level, we are expecting a significant counter trend, which happens to have been confirmed in the lower time frames.
We are risking 13 pips on this trade aiming a potential 1:10+, but still proper trade management is always needed to make sure profits are secured incase targets are not reached.
DISCLAIMER: This is not a financial advice, always trade with caution.
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.
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.