Hedge:
Entering Selling Point: 1,281.69$
Indicator Top/Stop Loss: 1,283.69 $
Target : 1257/1259 $ Zone.
R/R Ratio:12:31
I´ve got Indicator Top signal + Fibonacci numbers juncture at 1,283.69 $ the Wave Pattern Analysis drops a target to 1257/1259 zone a hedging coverture may be handy
The main target that now is the alternative one, that is still active and set at 1,307/1,310 zone, its SL has been updated to 1,277.( it is a protective SL that means in case of activation it´d be profitable).
Entering Selling Point: 1,281.69$
Indicator Top/Stop Loss: 1,283.69 $
Target : 1257/1259 $ Zone.
R/R Ratio:12:31
I´ve got Indicator Top signal + Fibonacci numbers juncture at 1,283.69 $ the Wave Pattern Analysis drops a target to 1257/1259 zone a hedging coverture may be handy
The main target that now is the alternative one, that is still active and set at 1,307/1,310 zone, its SL has been updated to 1,277.( it is a protective SL that means in case of activation it´d be profitable).
Note
as main strategy the hedge could be managed like a SL breakeven trading.
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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.