I canceled the last trade a little bit too soon. If I would step into, I'd reach target 1 at 118 (7% gain). But OK, let's try another one.
There is uptrend channel forming on 4H chart and point of interest would be on intersection of bottom of this channel and the middle of the bigger downtrend channel (marked green).
I'll wait for waters to clear up before set up a final trade.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Daily chart:
There is uptrend channel forming on 4H chart and point of interest would be on intersection of bottom of this channel and the middle of the bigger downtrend channel (marked green).
I'll wait for waters to clear up before set up a final trade.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Daily chart:
Comment:
New area of interest: between 114 and 116.
Comment:
It almost touched 113, let's wait and see how it will behave here. Currently I will not jump in.
Comment:
Trade setup:
- entry: 112.51
- stop loss: 108
- target 1: 125.50
- entry: 112.51
- stop loss: 108
- target 1: 125.50
Trade active
Trade closed: stop reached:
Another SL reached.
