We have the UC0.00% at a level where it has 2 break either a bullish or bearish trendline.
If we break to the upside, (Which is the most probable), I have as 1st target 1.3450 and if we break that level, we set targets to the upside and 1.45 as last target. Buy stop at 1.3390
If we break to the downside the black trendline we would be breaking the longterm bullish trendline (Both trendlines in red circle) as well and therefore entering bearish territory. I have as downside target, 1.28
Let´s see what happens. Trade safe traders REgards! ;)
If we break to the upside, (Which is the most probable), I have as 1st target 1.3450 and if we break that level, we set targets to the upside and 1.45 as last target. Buy stop at 1.3390
If we break to the downside the black trendline we would be breaking the longterm bullish trendline (Both trendlines in red circle) as well and therefore entering bearish territory. I have as downside target, 1.28
Let´s see what happens. Trade safe traders REgards! ;)
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My buy stop was activated but price came back down and form a doble top with that 1Hr spike canddle. I closed the trade at -20
Such a shame I didnpt place a sell order for the bear scenario.
Anyway, it was a great lesson. Trade safe traders, regards! ;)
Such a shame I didnpt place a sell order for the bear scenario.
Anyway, it was a great lesson. Trade safe traders, regards! ;)