I am anticipating a HL here and possible entry after this confirmation if I get a good price. I will keep an eye on this. Let's see how it moves.
Note
I just entered here with very tight stop loss. Taking into consideration the consolidation in the current area, we might not get any further discount. I see this as the first higher low - it's holding.In case I am being stopped out, I will try to find another entry around the demand level around 1.1650 if the price does not accelerate till there.
Note
Stops to zero.Note
2 things concerning the remaining part of the target.- The profit so far is based on USD weakness and all USD crosses reached their potential target zones
- There is no movement from the EUR which remains neutral for the time being.
Good idea to book some profit. 2.7R so far.
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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.