The reason i am taking this trade is because it agrees with correlation and currency strength. It does not contradict with the direction of other currencies i am trading. It is at a great area of support and resistance. This is a more riskier trade and based on momentum of rejection determines if i take profit at 1:1 or 1:2.
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.
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.