Long after the stop hunt
1.50 is a massive support zone. Aggressive buyers have been taken out earlier. Now we have an opportunity for a long trade. A wider stop can be considered for conservative traders at the expense of lower reward.
Note
Bulls are struggling to break above 1.5030. SL moved to BENote
Price closed above 1.5030. An opportunity to add to current positionTrade closed manually
Hourly chart printed a bearish engulfing candle. Exiting trade @ 1.5017
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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.
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.