描述
⋅ Price has been in a downtrend, and just broke out of its retracement (black arrow).
Pink line would be the best to SELL with minimum risk (if the price reach there).
However, if it didn't and the price breaks the lowest blue line, it might not go to the pink line anymore.
This could signal the start of a downward movement to the yellow zone, which is my TP area.
TAYOR and please use proper money management!
Do SHARE with your friends and COMMENT your thought on this. I'll reply to each one of them. :-)
Thanks!
KHALID HAMID, Best Trading Guru 2018 In Malaysia (TradersAward.com)