This pair painted an engulfing bullish bar after touching the support level and is now seemingly looking higher to test the gap area. Buying here with stops below 1.1520 and looking for 1R-2R targets seem reasonable.
Note
5M just broke the top around 1.1580, one reversal attempt is behind us, so far so good. Trade closed: target reached
1R target reached, +40 pips. Partial profit taking.Trade closed: target reached
2R targets done, +80 pips.
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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.