Entry Type : Market Buy @ 1.10250 Stop Loss : 1.09900 Take Profit : 1.12500 R/R : 6.43 R/R % : 0.50% / 3.21%
Technical Analysis:
Price Action has double bottomed at 1.1- psychological level which also falls slightly above the 61.8 Fib Level on the short term up trend. Stop loss is placed below the 61.8 Fib and below our 1.1- psychological level with our take profit at the 1.25 key level that coincides with the top of the longer term downtrend and our -27.2 extension from our short term uptrend.
Trade active
Have failed to see a proper indication on the smaller time frame that price is ready to move in our favor, there for I have yet to enter the position.
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.