This is a follow on from a previous idea here:
. The price is nearing support areas so I have now identifies entry points. I have outlined two profit taking opportunities. outlined on the chart.
The resistance is from the previous lows and Fibonacci retracements which line up with the Gann analysis.
The resistance is from the previous lows and Fibonacci retracements which line up with the Gann analysis.
Trade active
Price movement triggered buy orders.Note
I moved the Stop loss to the entry price to neutralise risk. Some potential for price to move lower again and find lower low, thus negating risk now.Trade closed: stop reached
Trade fell back and hot neutralised stop at open position. There is potential to open a short trade to the secondary Gann support area shown on the graph of the first idea, I will investigate further.
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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.