The Big Picture For some time the trend is moving Sideways, which gives us a great opportunity for predicting movement. Short term In the short term the price will fall down. Confirmation of drop value we found in a very characteristic shape Doji candle which was formed at the end of the day. For this reason, open the SELL orders.
Sell Stop Orders: 1 Sell stop order at the price @ 9:28 TP@ 9:13 SL set themselves 2 sel stop order at the price @ 9:09 TP @ 8.92 SL set themselves
Then wait for the trend to go up which is quite certain. Then open BUY Stop orders: 1. Buy stop order at the price @ 8.94 TP@ 9.02 SL set themselves 2. Buy stop order at the price @ 9.15 TP@ 9.30 SL set themselves 3. Buy stop order at the price @ 9.44 TP@ 9.72 SL set themselves Conclusion There is possibility of breaching of the upper Resistance line but trend will surely go down again, and it will form characteristic flag shape which give us ideal opportunity for profit. Your can chose your TP yourself We will meet again on this chart.
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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.