Looks promising for a RR of 7. It is continuosly making higher highs and higher lows, and RSI Profile is trending higher and suggesting bullish trend. although current TF RSI is near overbought zone, which suggests possibility of minor retracement, still higher TF RSI Trend
is positive and with current point of control zone shifting higher we can keep a Sl just few points below POC.
Entry at 1440
SL around 1423
Target around 1555
Risk to reward ratio is around 7.
Indicator used : RSI Hybrid Profile (Link available in my profile)
PS : This is an Educational post and doesn't constitute any trading or financial advice, just do your own research.
is positive and with current point of control zone shifting higher we can keep a Sl just few points below POC.
Entry at 1440
SL around 1423
Target around 1555
Risk to reward ratio is around 7.
Indicator used : RSI Hybrid Profile (Link available in my profile)
PS : This is an Educational post and doesn't constitute any trading or financial advice, just do your own research.
Trade closed manually
Close the trade around 1530 as the price was seeing some resitance and rsi was in overbought zone
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.