On the 4-hour chart the trend started on Sept. 3 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 49.64
But we should not forget about SL = 21.77
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
There is a high probability of profit taking. Possible take profit level is 49.64
But we should not forget about SL = 21.77
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
Trade closed manually:
!! According to my calculations, the trend may have changed. I am closing the trade, and I recommend doing so now.