Advice:
1) Trade at your own risk
2) IMP: Do not rush or jump into the trade take your time and analyze.
3) Manage your risk properly, divide your lots into three with the idea of taking profit thrice.
4) That way even if we don't reach our target we will be able to secure some profit on the way.
5) Consider moving your sell loss at breakeven after 25+ pips in profit.
6) Don't risk more than 4% of your account in this or any trade.
Analysis and justification:
- Overall top down approach has been used = Monthly, Weekly, Daily, 4H and Hourly + Fundamentals + Sentiments
- Key Support/Resistance level
- Overall downward trend
- Waiting for the line to bounce downwards from key support/resistance level
- Key is to wait and analyze
- I will try to update
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Comment if you would like to add something.
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1) Trade at your own risk
2) IMP: Do not rush or jump into the trade take your time and analyze.
3) Manage your risk properly, divide your lots into three with the idea of taking profit thrice.
4) That way even if we don't reach our target we will be able to secure some profit on the way.
5) Consider moving your sell loss at breakeven after 25+ pips in profit.
6) Don't risk more than 4% of your account in this or any trade.
Analysis and justification:
- Overall top down approach has been used = Monthly, Weekly, Daily, 4H and Hourly + Fundamentals + Sentiments
- Key Support/Resistance level
- Overall downward trend
- Waiting for the line to bounce downwards from key support/resistance level
- Key is to wait and analyze
- I will try to update
Like if you found the post helpful.
Comment if you would like to add something.
Follow me to keep yourself updated with my latest analysis :)
Komen:
Wait for the candle to finish and then we can consider entering the trade
Komen:
if the price doesn't bounce up then we open our position