The analysis for this trade was done on the monthly. Since Aug 2016 the cereal has been on an upward trajectory creating higher highs and higher lows consistently.The Nov 2019 candle broke out of the yellow zone which had been a resistance area since Oct 2018 and we seem to be testing this zone as support. Entry was done on H4 after the structure change was confirmed by the strong bulls from the yellow zone
Entry: 2 small positions @ 5.222
SL : 5.124
TP1 : 5.408 (RR-1.98)
TP2 : 5.518 (RR 2.91)
Risk management is key. . .
Entry: 2 small positions @ 5.222
SL : 5.124
TP1 : 5.408 (RR-1.98)
TP2 : 5.518 (RR 2.91)
Risk management is key. . .
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.