A simple trade;
Met with daily resistance from the channel's resistance line. The candlesticks are being more than generous this time by showing their act.
A good short, increase the stop loss a little more if you want to be more conservative, avoid any RR below 5.
Don't go for the take profit near the support channel line because the price can bounce back to a supply zone from the white rectangle as the demand is strong there.
Avoid risking more than 0.5% on the trade, apply a good risk management rule.
I will try my best to increase our capital by 10% per week.
Let's see how it goes.
Met with daily resistance from the channel's resistance line. The candlesticks are being more than generous this time by showing their act.
A good short, increase the stop loss a little more if you want to be more conservative, avoid any RR below 5.
Don't go for the take profit near the support channel line because the price can bounce back to a supply zone from the white rectangle as the demand is strong there.
Avoid risking more than 0.5% on the trade, apply a good risk management rule.
I will try my best to increase our capital by 10% per week.
Let's see how it goes.