The fundamentals for today are in line for a long position on this pair. The state of the market in the 1H chart is an uptrend. The highest price of yesterday's new york session is breached with around 20% and after this there was an 61,8% pullback (Fibonacci). On the 3M chart there's an confirmed V-formation and 1st test. Stops are below the V-formation we're aiming for the latest higher point on the 15M Chart.
Trade active
Entry Price: 126.202Stop-loss: 125.992
Target: 126.472
Trade closed manually
Closed at: 126.389, price was ranging after hitting the target of 126.472
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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.