Hello Traders,
As you can see, I’ve drawn a trendline based on the 4-hour timeframe. I’ve also marked the demand zone, and if you observe closely, the price has already broken past the inducement levels. This indicates a strong buying opportunity, provided proper risk management is in place.
You can aim for up to a 1:5 risk-to-reward ratio, but always remember to manage your risk carefully – the market has no mercy for complacency.
Wishing you all the best and happy trading.
Thank you!
As you can see, I’ve drawn a trendline based on the 4-hour timeframe. I’ve also marked the demand zone, and if you observe closely, the price has already broken past the inducement levels. This indicates a strong buying opportunity, provided proper risk management is in place.
You can aim for up to a 1:5 risk-to-reward ratio, but always remember to manage your risk carefully – the market has no mercy for complacency.
Wishing you all the best and happy trading.
Thank you!
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.