Using Ichimoku system on the Daily time frame indicates a possibility of a future bullish move is anticipated. The vertical red and green lines represent the limits of the current range; a stop Loss can be suggested accordingly - to be set at or below the red line, while a price target can be suggested by the anchored VWAP and a simple strategy of reversion to the mean, thus indicating a decent RR.
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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.