Same sort of set up we looked at for USDCHF. We are looking good on trend and momentum so we are looking for entry at a few points of interest where they align with fib levels. First short is only a 2.5:1 and if we get that deep retracement we can take it for a 3:1. I feel like the lower entry has a higher chance of triggering but if you want to wait on the further pull back it maybe the safer play here.
Note
Sell limit set for the .885 levelTrade closed: stop reached
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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.