The consolidation above the support level at around 1.17648 might break to the upside, which would offer the possibility of longing with 3:1 risk/reward ratio, having the TP just below the next resistance line (of the triangle) at 1.34387.
Actual trade:
Bought at 1.22325
TP at 1.32203
SL at 1.19032
risk reward: 3:1
Disclaimer: I am not a professional trader.
Actual trade:
Bought at 1.22325
TP at 1.32203
SL at 1.19032
risk reward: 3:1
Disclaimer: I am not a professional trader.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.