Salaam
we play in the probability field, more confluences, more probable.
here are my confluences:
1- horizontal level
2- trend line
3- 61 Fibo (the price also bounce from 61 last time)
4- the uptrend is intact from march
-next support is about 79.40-
the setup has good RR. the reward is about 10 times higher than the risk.
I'm already in but waiting for close H4 could be a good trigger if it makes a pin bar
manage the risk!
good luck
we play in the probability field, more confluences, more probable.
here are my confluences:
1- horizontal level
2- trend line
3- 61 Fibo (the price also bounce from 61 last time)
4- the uptrend is intact from march
-next support is about 79.40-
the setup has good RR. the reward is about 10 times higher than the risk.
I'm already in but waiting for close H4 could be a good trigger if it makes a pin bar
manage the risk!
good luck
Trade active
Trade closed: stop reached
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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.