Bullish Pressure to 0.67753
Aktualisiert
Disclaimer: This is for me to learn a new strategy. Any feedback is appreciated. This practice for me as an assignment and not financial advice for anyone. I may be completely wrong.
Now, as I look at my daily chart. I see a within an upward channel, bullish pressure that is climbing to 0.67753. When looking at the channel, I am noticing small breakouts. I looked to higher timeframes weekly and monthly for confluence. In this pair I was stopped out last week, but I was triggered at the right place (0.65393). This broke my short bias for now. I am thinking the market may show me a slow climb then exhaustion at supply around the 0.67753, with my entry at 0.65800.
Now, as I look at my daily chart. I see a within an upward channel, bullish pressure that is climbing to 0.67753. When looking at the channel, I am noticing small breakouts. I looked to higher timeframes weekly and monthly for confluence. In this pair I was stopped out last week, but I was triggered at the right place (0.65393). This broke my short bias for now. I am thinking the market may show me a slow climb then exhaustion at supply around the 0.67753, with my entry at 0.65800.
Trade ist aktiv
Price did continue to the upside. My entry at 0.65800 was triggered. Price hit a supply zone at 0.6634, I did not see in my original thesis. If price can breakthrough, I may have a chance to hit the target at 0.6577. to be cautious, I set a trailing stop at -20 pips. We shall see what the market does. Right now, I am glad I was able to see price action more clearly. Nothing more.Trade geschlossen: Stop wurde erreicht
Hey everyone, As stated above, I put in a trailing stop (TS) at -20 pips. Price did continue its bullish momentum. I got stopped out at 0.66375 or about 57.4 pips. Not bad! I am trying to be as simple as possible in my trading. I will continue learning this strategy and using my trading view profile as a learning tool for myself.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.