Hello fellow traders,
this idea is based on the support/resistance levels and candle formation. The price has bounced off the support level and reversal daily candle formed which suggest finally the trend is to change. The take profit at level of 700 being the psychological and resistance level tested previously. The trade is at 1:2 risk to reward ratio, always be prepared to close the trade not loosing too much and trade with rewards at least as high as reward never less :)
RE<MEMBER- This is just an idea not a trading advise!
this idea is based on the support/resistance levels and candle formation. The price has bounced off the support level and reversal daily candle formed which suggest finally the trend is to change. The take profit at level of 700 being the psychological and resistance level tested previously. The trade is at 1:2 risk to reward ratio, always be prepared to close the trade not loosing too much and trade with rewards at least as high as reward never less :)
RE<MEMBER- This is just an idea not a trading advise!
Trade closed: target reached:
closed the position just before my target for the weekend