Price action continues its strong bullish rally, trading sideways within a rising channel, expecting a pullback to its lower support line from the channel for further uptrend continuation. MACD divergence is also spotted to confirm a possible pullback.
A buy-limit entry for a bounce strategy from the 50EMA as the third touch give enough room for the following setup:
S/L: 59 pips - R:R | 1:2 - T/P aiming to the previous high (if the order gets trigger by the expected pullback and the uptrend bias continues we can manage the trade to aim for a higher T/P level)
A buy-limit entry for a bounce strategy from the 50EMA as the third touch give enough room for the following setup:
S/L: 59 pips - R:R | 1:2 - T/P aiming to the previous high (if the order gets trigger by the expected pullback and the uptrend bias continues we can manage the trade to aim for a higher T/P level)
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FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
facebook.com/ogfxtrader
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
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.