FRA40 Long Position
Entry: €5,644.6
TP & RR: €5,688.0
Stop Loss: €5,627.3
REASONS FOR THE TRADE
Breaking up from a descending triangle, I expect the price to retrace slightly and then continue the up move. Stop Loss is set below the trendline and the target is at a resistance level. Market Flow indicator show a clear move up.
The trade is slightly in retrospect as by the time I write the trade idea price started moving up. However, I think you may have a chance to enter again.
Entry: €5,644.6
TP & RR: €5,688.0
Stop Loss: €5,627.3
REASONS FOR THE TRADE
Breaking up from a descending triangle, I expect the price to retrace slightly and then continue the up move. Stop Loss is set below the trendline and the target is at a resistance level. Market Flow indicator show a clear move up.
The trade is slightly in retrospect as by the time I write the trade idea price started moving up. However, I think you may have a chance to enter again.
Trade closed: stop reached
Quick trade that was. Onto the next one.
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.