As a trader one must always look for a High Confluence setup. At least 3 technical points should meet at each other to be called as high confluence setup.
In this case of $LRC
1. Price crossed trendline
2. Support zone successfully retested and created a demand.
3. Price also reversed from 50% Fib retracement.
I am loving this, I am taking trade in it with entry, exit and stop loss clearly marked in the picture.
In this case of $LRC
1. Price crossed trendline
2. Support zone successfully retested and created a demand.
3. Price also reversed from 50% Fib retracement.
I am loving this, I am taking trade in it with entry, exit and stop loss clearly marked in the picture.
액티브 트레이드:
Orders filled.
코멘트:
Bringing my SL to breakeven.
코멘트:
The price went two third against us but it didn't hit our stop loss, one must always have an idea of average true range of price and place SL accordingly.
코멘트:
Booked some profit by moving SL higher @0.43
매매 수동청산:
Missed the target by few points, 0.43 hit. Signing off