The price makes a high and a lower high that we can trace a trendline. The price hit the support line two times. So, the price expected to pull back to the trendline and breakout the support. You can set a sell limit on the trendline or set sell stop under the support line.
Target: Why I set the target on 1.18080 is because the Demand areas on the left side; grey boxes; are already broken by the pullbacks. So the price may reach less than 1.18080. However, I set it higher because (for me) 1.18000 is a round number. so I expect that the price will take any order at the level then the price will go up again.
*Sorry if this is not clear enough for you.*
*For education only*
*Take you own risk*
Target: Why I set the target on 1.18080 is because the Demand areas on the left side; grey boxes; are already broken by the pullbacks. So the price may reach less than 1.18080. However, I set it higher because (for me) 1.18000 is a round number. so I expect that the price will take any order at the level then the price will go up again.
*Sorry if this is not clear enough for you.*
*For education only*
*Take you own risk*
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.