for understanding this trade, we have to consider very different aspects of charts on a different time frame...
first we see chart on 1d timeframe...
we have drawn 3 line...two dotted and one green line...
after 2 dotted line...we are considering this green line as a actual trend-line....because from green line...first time market is about to cross previous high...
that's why we neglected the previous two line...(dotted one)
but the risk to reward is poor in 1D time frame....
so we comedown to 1h time frame, where we can see small trend-line which is supporting upward direction move....when can also place stop loss below this trend-line .
we took this trade at 3284...for conservative way would be to take trade near trendline..which will be somewhere around 3180
first we see chart on 1d timeframe...
we have drawn 3 line...two dotted and one green line...
after 2 dotted line...we are considering this green line as a actual trend-line....because from green line...first time market is about to cross previous high...
that's why we neglected the previous two line...(dotted one)
but the risk to reward is poor in 1D time frame....
so we comedown to 1h time frame, where we can see small trend-line which is supporting upward direction move....when can also place stop loss below this trend-line .
we took this trade at 3284...for conservative way would be to take trade near trendline..which will be somewhere around 3180
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.