The break of the tenkan on the Daily shows we have lost the positive momentum we had generated at the end of October. In fact the momentum was so high at that period that we created a big gap, the close of which is the basis of our trade.Price just couldn't go past the SSA on both the weekly and the monthly creating this slowdown in momentum we intend to capitalise on .We take some off the table around the daily kijun area and the rest on completion of the gap close. The lagging is in check and has no obstacles beneath it.
Entry: 2 small position at 118.100
SL: 120.800 ( safely above the highs)
TP1: 114.650 (daily kijun area)
TP2: 112.925 (completion of gap close)
NB: The whole point of trading is to make a modest return risking as little as possible. Risk management is key!
Entry: 2 small position at 118.100
SL: 120.800 ( safely above the highs)
TP1: 114.650 (daily kijun area)
TP2: 112.925 (completion of gap close)
NB: The whole point of trading is to make a modest return risking as little as possible. Risk management is key!
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.