Hello fellow traders, this idea s based on the price channel hitting the bottom and the strong support level as indicated with the shaded green colour. I have placed the s/l just below the support level and t/p is just at the range of resistance level being the safe estimate of the price level when we might notice some action. Take profit to loss ratio 2:77
I am just sharing my idea, this is not a trading advice always protect your capital with the s/l you can handle :)
I am just sharing my idea, this is not a trading advice always protect your capital with the s/l you can handle :)
Trade active:
at this level I have moved my s/l to the opening position this way minimising a risk of a loss
Trade closed: target reached