I am entering this trade at 1.12840 after a previous rally into the previous high/resistance zone.
My stop loss is placed logically above the previous resistance area of 1.13050-1.13100.
This looks like a liquidity sweep/reversal trade. Price rallied to previous high (liquidity zone) and is expected to reverse.
My stop loss is placed logically above the previous resistance area of 1.13050-1.13100.
This looks like a liquidity sweep/reversal trade. Price rallied to previous high (liquidity zone) and is expected to reverse.
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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.