Price has touched the 0.8344 resistance level numerous times now. I have placed a Stop Entry Order just below the resistance level . At this entry, a breakout would be confirmed. If this happens, price should head towards the monthly support level , thus providing a good target (0.79815). I have placed a stop loss just above the resistance level at 0.8377, giving a risk/reward ratio of 3.53
Order cancelled
Trade not taken as entry was not hit
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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.