Currently, I'm maintaining a neutral position on the WLDSUDT currency pair, preferring to wait for a price decline before entering the market. My entry threshold is around 7.20, which corresponds to a significant order block level.
Technical Analysis:
Key Support: 7.20
First Profit Target (TP1): 10.25
Second Profit Target (TP2): 11.77
Trading Strategy:
Entry: I plan to initiate a long position when the price reaches or approaches the 7.20 level. This level represents a potential turning point where an upward reversal could occur.
Stop-loss: I will place my stop-loss below the order block level to limit losses in case of an unexpected market reversal.
Profit Targets: My first profit target (TP1) is set at 10.25, while my second profit target (TP2) is at 11.77. These levels are determined by thorough technical analysis and represent points where I expect the uptrend to intensify.
Conclusion:
In summary, my strategy involves waiting for a price decline to the 7.20 level to initiate a long position on the WLDSUDT currency pair. My profit targets are set at 10.25 and 11.77, with a cautious stop-loss to manage risks. However, it's essential to closely monitor market developments and adjust the strategy based on changes in trend and new information.
Best of luck with your trades!
Technical Analysis:
Key Support: 7.20
First Profit Target (TP1): 10.25
Second Profit Target (TP2): 11.77
Trading Strategy:
Entry: I plan to initiate a long position when the price reaches or approaches the 7.20 level. This level represents a potential turning point where an upward reversal could occur.
Stop-loss: I will place my stop-loss below the order block level to limit losses in case of an unexpected market reversal.
Profit Targets: My first profit target (TP1) is set at 10.25, while my second profit target (TP2) is at 11.77. These levels are determined by thorough technical analysis and represent points where I expect the uptrend to intensify.
Conclusion:
In summary, my strategy involves waiting for a price decline to the 7.20 level to initiate a long position on the WLDSUDT currency pair. My profit targets are set at 10.25 and 11.77, with a cautious stop-loss to manage risks. However, it's essential to closely monitor market developments and adjust the strategy based on changes in trend and new information.
Best of luck with your trades!