There is a strong supply level around the entry setup.
Another touch to the level might be a great chance to a good profit!
reasonable responses to the dynamic support is another reason to improving the LONG idea.
The level is valid until it's over SMA400 (Red line).
ATTENTION:
According to the the long-term back-tests (from 15 to 20 years) on different instruments, the W% of this setup is only around 25% to 30%! So the only way you can make money continuously out of this setup is risk and money management! the proper risk management for this setup is risking around 0.5% of your total trading capital as SL amount.
Another touch to the level might be a great chance to a good profit!
reasonable responses to the dynamic support is another reason to improving the LONG idea.
The level is valid until it's over SMA400 (Red line).
ATTENTION:
According to the the long-term back-tests (from 15 to 20 years) on different instruments, the W% of this setup is only around 25% to 30%! So the only way you can make money continuously out of this setup is risk and money management! the proper risk management for this setup is risking around 0.5% of your total trading capital as SL amount.