First of all, in this analyse there is no reason to make a sell trade for me yet. but I think the erea between the two green lines gives a nice oppertunity for a sell trade. Looking back on the daily chart it seems to be touched multiple times as support and resistance. in the last week of juli price has made a big jump from this area. The last two months price is trending down, Price broke this line and is testing it right now. If the right bearish evidence forms in this erea I would take the trade. I will update my idea when I think the right evidence has formed. for this trade I won't use the rsi indicator. I'm only using the chart.
Tak eprofit points: the second one has the most attantion from me. but I think the first one is someone to take a look at
first take profit = 0,87401
second take profit = 0,86854
Tak eprofit points: the second one has the most attantion from me. but I think the first one is someone to take a look at
first take profit = 0,87401
second take profit = 0,86854
Comment:
Comment:
I will change my sell trade to a buy trade.
low risk, high reward trade. The green line looks the perfect support and recistance line to me. i will buy and look more often to the charts to see if I should exit the trade or not.
entry 0.89105
stop loss 0.88940
first take profit 0.89689
this take profit point is a minimum. my goal would even be higher
low risk, high reward trade. The green line looks the perfect support and recistance line to me. i will buy and look more often to the charts to see if I should exit the trade or not.
entry 0.89105
stop loss 0.88940
first take profit 0.89689
this take profit point is a minimum. my goal would even be higher