On the hourly chart the trend started on July 12 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.5527
But we should not forget about SL = 0.5415.
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
There is a high probability of profit taking. Possible take profit level is 0.5527
But we should not forget about SL = 0.5415.
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading