Analysis
Trade Triggers
- Price is currently trending up after a nice bounce off of support at ~0.73431 levels
- Price currently finds itself in a previous support/resistance area ~0.74847 levels
- Recent data shows six previous times where price found support/resistance in this area
Trade Triggers
- More indication that price is finding resistance at this level
- Indecision candle on the daily close also the 12hr close
- Stop-loss will be just above daily high wick
- Primary target will be before previous recent support levels ~0.74048 with a minimum risk/reward ratio: 2.06
- Secondary target will before the support area ~0.7343431 levels
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.