And here is the long trade idea I talked about in the last post. I expect the price to bounce from the green zone marked as LTF support. The target for the trade time being is 8.02. Stop loss is narrow with usual position size so risk is limited.
Note
The price has reached to the red zone on the way, and good time to book some profit. I will add that if the price retrace here.Trade closed: target reached
So we reached the target for this long trade. The price has hit 8.02 and that concludes this long trade. This time again the price kind of followed our stipulated time structure and reached in desired time frame. I can see the price aiming for daily resistance DR2 which is sitting around 8.2. Lets evalaute again and look for a new setup. I will post the setup in case I take a new trade.
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Related publications
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.