Target 2.5
Following daily chart, got a long signal from my indicator.
Expecting a breakout here.
TP1 1.63 - which I'll follow and close my position. ( around 8% gain)
TP2 2.1 - which is cup & handle target
TP3 2.5 - which is falling edge break target.
I am not sure for TP2 and TP3 because my strategy is mostly based on correction and for TP2 and TP3, we need to breakout 2 EMA's on the chart, which is sometimes hard. If it break, you can follow TP2 and TP3.
I'll close under 1.37 but following indicator to stop.
What are your thoughts?
Expecting a breakout here.
TP1 1.63 - which I'll follow and close my position. ( around 8% gain)
TP2 2.1 - which is cup & handle target
TP3 2.5 - which is falling edge break target.
I am not sure for TP2 and TP3 because my strategy is mostly based on correction and for TP2 and TP3, we need to breakout 2 EMA's on the chart, which is sometimes hard. If it break, you can follow TP2 and TP3.
I'll close under 1.37 but following indicator to stop.
What are your thoughts?
Trade closed: stop 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.