Price is reacting from the demand zone and showing signs of upward momentum. Projection targets the next resistance area, while keeping exposure limited by minimizing risk to around 35%.
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"Market touched our SL and then moved upward. As mentioned earlier, reducing risk was suggested. Analysis direction was correct, but SL placement was the issue."
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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.