Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 time-frame - Price action reversed away from Supply area - Price action may reverse back towards Resistance Trendline and 61.8% Fibo Retracement
Suggested Trade: Entry @ Area of Interest 1.8100 - 1.8110 SL @ 1.8156 TP 1 @ 1.8057 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 1.8009 Risk-to-Reward @ Approx. 2.03 (Depending on Entry Level)
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Comment
TP 1 achieved. Take profit on half the position & move the SL to Breakeven Levels.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
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