Lets try long if price will reject SMA 100 or SMA 20
As you can see, SMA20 was quite good support and resistance at short-term trends, so if our chart wont cross SMA20, I will try to open long position.
My game plan is to keep L to channel top. I don't like to loose money, so I will quit trade if candle will close below SMA20, and then I will look for other opportunity - maybe I will buy again above SMA20 and SMA100 and keep my previous plan.
When price will reach the target, I will look for opportunity to open short position.
My game plan is to keep L to channel top. I don't like to loose money, so I will quit trade if candle will close below SMA20, and then I will look for other opportunity - maybe I will buy again above SMA20 and SMA100 and keep my previous plan.
When price will reach the target, I will look for opportunity to open short position.
Trade active:
Great day :) Hope we will reach our target soon!
Comment:
Trade closed: target reached:
We are very close to the target. I will set small stop-loss to protect my profit and think about starting to open short positions.
