On a 1H chart we have a bullish pattern
Price is currently at 38,2% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to 1D Chart
However I Will look for a bearish short term entry setup (based on 1H chart, trade will be left for minutes, but position will be closed in parts and using a trailing technique, will try leave it open for a maximum period possible) at around 1.10725
Pipsing towards the area can bring some pips into collection also.
Price is currently at 38,2% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to 1D Chart
However I Will look for a bearish short term entry setup (based on 1H chart, trade will be left for minutes, but position will be closed in parts and using a trailing technique, will try leave it open for a maximum period possible) at around 1.10725
Pipsing towards the area can bring some pips into collection also.
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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.
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.