Price has nicely fallback into H4 demand zone and bottom of ascending channel. Either it can bounce from this level or stretch further to below of demand zone @ 1.1270 area (H4 EMA50) before heading back into the supply zone. The target for bulls potentially will be 1.1400 (top of the ascending channel) this round.
BUY ENTRY: 1.1285 or 1.1267
SL: 1.1245
TP1: 1.1365
TP2: 1.1400
Note
Price perfectly played out. profits booked @1.1325 and trade has been withdrawn. Awaiting next price action.
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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.