The neckline of the W is the a major zone 158.500 we could see a bullback into this zone
Monthly is very bullish, but its a trade for lower time frame
Weekly could see a pullback for the until next week
Daily so much things going on:
1- we have made a M formation that should be completed later on
2- because of this M formation we are currently bellow market structure on the daily
BUT 3- We are retesting and currently rejecting last support and we are kinda making a I.C.I. for the up side.
So instead of 1% risk i will put 0.5%
Monthly is very bullish, but its a trade for lower time frame
Weekly could see a pullback for the until next week
Daily so much things going on:
1- we have made a M formation that should be completed later on
2- because of this M formation we are currently bellow market structure on the daily
BUT 3- We are retesting and currently rejecting last support and we are kinda making a I.C.I. for the up side.
So instead of 1% risk i will put 0.5%
Trade closed: target reached:
3 rr profit