Hi Traders!
The market is in an uptrend and
now it reached a strong resistance at 109.00.
It is ranging there since last week and we have to look for a breakout.
Our risk-to-reward ratio is 1 to 2.
We recommend to buy for being part of the next higher high!
Thanks and good luck :)!
The market is in an uptrend and
now it reached a strong resistance at 109.00.
It is ranging there since last week and we have to look for a breakout.
Our risk-to-reward ratio is 1 to 2.
We recommend to buy for being part of the next higher high!
Thanks and good luck :)!
Trade closed: stop reached
Hi Traders! So, the market broke out downwards and we have to close the trade!Note
Now we have to look out for a retest and a potential short!
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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.