Hi Guys,
Looking at this chart and i found that there were a few things that supported my idea:
1. Support at 0.7245 and reversal has begun at the 4H TF
2. Previous support at 0.7146 was never achieved
3. RSI supports the upward trend
I would expect a retracement period at 0.7430 (0.38 Fib) so you can take some profit here
But my main target would be:
T/P at 0.7605 (0.618 Fib)
S/L at 0.7210
R:R at 1.9
Please don't risk more than 2% of your capital
If there's no big news, this trade would look quite good
Feedbacks are always appreciated
Cheers!
Looking at this chart and i found that there were a few things that supported my idea:
1. Support at 0.7245 and reversal has begun at the 4H TF
2. Previous support at 0.7146 was never achieved
3. RSI supports the upward trend
I would expect a retracement period at 0.7430 (0.38 Fib) so you can take some profit here
But my main target would be:
T/P at 0.7605 (0.618 Fib)
S/L at 0.7210
R:R at 1.9
Please don't risk more than 2% of your capital
If there's no big news, this trade would look quite good
Feedbacks are always appreciated
Cheers!
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.