Market structure: Uptrend, price look like going to retest previous resistance turn support
Setup: False Break
False Break candlestick pattern: Hammer / Bullish engulfing
Will wait for the price to break below the support and close back strongly above support around 17.60 price
Stop loss: depend on how false break set up swing low
Take profit: 20.30
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Setup: False Break
False Break candlestick pattern: Hammer / Bullish engulfing
Will wait for the price to break below the support and close back strongly above support around 17.60 price
Stop loss: depend on how false break set up swing low
Take profit: 20.30
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Note
still holding on to the trade will respect my stop loss at 16.37Note
adjusted take profit to 18.80 on 20 july 2021 and price reached take profit on 3 Aug 2021Trade closed: target reached
Always trade with the Trend, Trend is your friend until it bend
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.
Always trade with the Trend, Trend is your friend until it bend
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.