Expect to see a nice upward price reversal towards 1.5500 in coming days. Current price has entered into the Target zone after pulling up strongly from the recent low ~1.4800, thus sending a strong signal for a nice bullish move in coming days.
A stoploss below 1.4740 will set up for A decent risk/reward ratio trade. Enjoy.
A stoploss below 1.4740 will set up for A decent risk/reward ratio trade. Enjoy.
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Price came down near my stoploss level to get longs out before making 500-600 pip move. Still not seeing price breakdown yet. This down move could just be a shake-out. Next 4 bars will be crucial and I expect to see strength if there going to be up move in this leg.
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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.