possible pullback

56
On the daily chart I can clearly see a strong rejection on a resistance level . The candle from of last friday seems to be a shooting star wich in my strategies is a good trading opertunity when used on levels of structure. de rsi gives a overbought signal wich gives me a second reason to take a trade. When looking on the one hour chart I saw a triangle bouncing on support level and also making lower highs. that's giving me an idea of lossing interest of the bulls. because of the strong uptrend of the last weeks my first target point is a one to one ratio. the second or even third take profit points are a may be for me because of this strong trend.

Realizing this is a bit risky trade, bur for me it looks allright to take it and sometimes I like to make risky trades if it looks okey to me. Because of this risk I choos for a entry point below the lower wick of this shooting star candle. if it breaks through i'm sure anough it will reach my first target. if it doesn't break it there are now losses or profits at all.

entry point= 1.98552
stop loss= 2.00078
first target= 1.97012
second target= 1.96275
third target= 1.94093

i'm a starting trader so any type of feedback is welcome :)

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.