As indicated in the chart, it is evident that we are currently experiencing a robust uptrend. However, there has been a recent corrective phase in the price action that presents an intriguing opportunity. I'd like to share my perspective, especially as an educational channel.
The JP225 has been on an upward trajectory for quite some time, and if you observe the 1-day chart, you'll notice a recent period of sideways movement with precise touches at the chart's boundaries. Initially, there was an attempt to create an upward spring that proved unsuccessful, but over the past couple of weeks, a clear false breakdown in the downtrend has emerged.
It's important to note that this analysis is not intended as trading advice. Here are the details of the setup:
Entry Price: 31,540
Stop Loss (SL): 31,000
Take Profit 1 (TP1): 32,160
Take Profit 2 (TP2): 33,317
we are alreay 200 pips in profit the old post got removed
The JP225 has been on an upward trajectory for quite some time, and if you observe the 1-day chart, you'll notice a recent period of sideways movement with precise touches at the chart's boundaries. Initially, there was an attempt to create an upward spring that proved unsuccessful, but over the past couple of weeks, a clear false breakdown in the downtrend has emerged.
It's important to note that this analysis is not intended as trading advice. Here are the details of the setup:
Entry Price: 31,540
Stop Loss (SL): 31,000
Take Profit 1 (TP1): 32,160
Take Profit 2 (TP2): 33,317
we are alreay 200 pips in profit the old post got removed
Comment:
370 pip close half profit and move sl to entery
Trade closed manually:
we hit 560 profit full close
