Price has been consolidating at this low for about 8 weeks now and has now broken out of that consilidation, telling me that we might be ready to go long and form new highs.
POSITION
- Entry 172.49
- S/L 164.50
- T/P 200.00
R:R
- 3.69
RISK
- 1,01%
- $7,99
- 7.99 pips
REWARD
- 3,72%
- $29,49
- 29.49pips
CONFLUENCES
- Break and Retest of consolidation
- 38.2% Fib Retrace
POSITION
- Entry 172.49
- S/L 164.50
- T/P 200.00
R:R
- 3.69
RISK
- 1,01%
- $7,99
- 7.99 pips
REWARD
- 3,72%
- $29,49
- 29.49pips
CONFLUENCES
- Break and Retest of consolidation
- 38.2% Fib Retrace
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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.