Monthly - 7 year low taken out to form new 10 year lows, before market can continue bearish to 0.62600 region, price needs to accumulate orders long. Bullish pinbar confirms direction
Weekly - First stop for accumulation is 0.74000, market has pulled back slightly providing opportunity to enter long
Daily - 21EMA providing decent support, long positions taken out slightly @ 0.71164
4H - waiting for opportunity to enter on EMA breakout, targets @ 0.722/0.723 range (based on R)
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Weekly - First stop for accumulation is 0.74000, market has pulled back slightly providing opportunity to enter long
Daily - 21EMA providing decent support, long positions taken out slightly @ 0.71164
4H - waiting for opportunity to enter on EMA breakout, targets @ 0.722/0.723 range (based on R)
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Trade active
Entry @ 0.71396SL - 0.71150
TP - 0.72213
[ 3.32R ]
**To be honest I entered off a EMA crossover on the 1H chart given the circumstances, but I should've waited...maybe it will payoff but still**
Trade closed: stop reached
Got stopped out, waiting for push back to the upside for re-entry
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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.