To sell, first of all we need to make sure the price has made a downtrend structure which is H-L-LH-LL. Next, make sure the price does not exceed the LH level which shows that the price still has the strength to go lower. Next we can enter with a risk reward ratio of at least 1:1.
the price has broken the trendline, however, the price has not yet been able to rise above the LH, so we still consider the price to go down further.
the price has broken the trendline, however, the price has not yet been able to rise above the LH, so we still consider the price to go down further.
Comment:
nice.. can set BE
Trade closed: target reached:
TP done
Trade closed: target reached