We saw on the chart (on the ) that the trend on the market is a downtrend, so it's a well-known confirmation.
We have 2 important levels that are getting rejected on the lowers time frame, there are a and the important resistance that makes us believe that the market will shoot down this month.
We can see too that the is pretty high, roaming around 60-70, it's another sign that the market is highly bought and seller will come over to ride the market.
I have placed some multiples TP's to secure profits when there are some risks of reversal, you can get out when you feel it. If you see this message and you want to enter the trade wait for a small retest, so you secure your money.
The stop loss is in a secure place like always, above the precedent high.
Remember to trail your stop loss when it hits some TP's, place them above it!
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(If you read this message and you want to enter the trade wait for a small retest, so you secure your money and not losing it.)
We are for the moment in profit (about 30 pips).
I'm holding it for the month, remember it's a big trade.
It will probably be a dropping week, I advise all to take this opportunity, there is some money to make :)
Have a good end of the week.
We are currently in good profit, we have to wait because sometimes the market is retracing a little bit !
Don't be scared and be patient !
If you reach the 100 pips mark of profit you can choose to get out of the trade !
If you are more patient trail your stop loss above the first down wave so you can secure the Bag !
Have a good week :)
As we said last week we had the dropping week that made us in profit for about 200 pips. But in my opinion, this week will be a retracing one.
Don't panic if you see your profit slowly decreasing! It's normal :D
Trail your stop loss to break even if you have a small account, so you don't lose anything :)
Have a good week! Stay safe