The position was taken because of the following aspects:
The trend is bullish, and we were waiting for a retest in the $1348 zone so we can take a quick long to a very important level found in $1365.
Besides, the upside trendline hasn't been broken so it is another confirmation for us to take that long trade. Furthermore the fibonacci tool has a previous retest in 50% and 38%.
Our target zone: $1365.00
Our Stop Loss: $1339.30
R/R: 1.75
The trend is bullish, and we were waiting for a retest in the $1348 zone so we can take a quick long to a very important level found in $1365.
Besides, the upside trendline hasn't been broken so it is another confirmation for us to take that long trade. Furthermore the fibonacci tool has a previous retest in 50% and 38%.
Our target zone: $1365.00
Our Stop Loss: $1339.30
R/R: 1.75
Trade closed: stop reached
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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.