BCOUSD Support level and price channel dip, LONG
Hello fellow traders, this idea s based on the price channel hitting the bottom and the strong support level as indicated with the shaded green colour. I have placed the s/l just below the support level and t/p is just at the range of resistance level being the safe estimate of the price level when we might notice some action. Take profit to loss ratio 2:77
I am just sharing my idea, this is not a trading advice always protect your capital with the s/l you can handle :)
I am just sharing my idea, this is not a trading advice always protect your capital with the s/l you can handle :)
Trade active
at this level I have moved my s/l to the opening position this way minimising a risk of a lossTrade closed: target reached
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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.