I took a long trade because my expectation is the yellow C. But what is in the making after the yellow B can become a correction. That's why I'll move SL to BE if it breaks the previous high at 1731.50. Then we will see if it will keep going up. In the case of the yellow C, I'll hedge my trade. So I didn't buy it to book my profit. As you can see, its R:R is not good.
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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.