Hello everyone, hope you guys having great trades.
for last few days, SXP has been in a trading range, between support and resistance zone shown on the chart. we haven't seen a daily candle closing below support or above resistance but we may see it today.
anyways the best setup would be to wait for the breakout confirmation ( Daily candle closing above resistance ), and then entering the trade.
I personally think this currency has a lot higher to go and has been playing around for quite a long time, I guess its time to see some moves.
Targets are also drawn with red lines on chart but here is your TP :
- TP1 : 2.941
- TP2 : 3.580
- TP3 : 4.204
Enter with your own strategy and risk management, my advice is to enter with strong candles confirmation, and placing your stop loss somewhere in trading range as the support zone is too far away.
Share your idea on the comment section below and also don't forget to like and follow
for last few days, SXP has been in a trading range, between support and resistance zone shown on the chart. we haven't seen a daily candle closing below support or above resistance but we may see it today.
anyways the best setup would be to wait for the breakout confirmation ( Daily candle closing above resistance ), and then entering the trade.
I personally think this currency has a lot higher to go and has been playing around for quite a long time, I guess its time to see some moves.
Targets are also drawn with red lines on chart but here is your TP :
- TP1 : 2.941
- TP2 : 3.580
- TP3 : 4.204
Enter with your own strategy and risk management, my advice is to enter with strong candles confirmation, and placing your stop loss somewhere in trading range as the support zone is too far away.
Share your idea on the comment section below and also don't forget to like and follow
交易進行
we reached TP1 last night, this thing is still strong, keep holding
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。