*Time Frame: 1HR.
*Moving Averages: 25EMA, 50SMA, 180SMA at close.
*Support and Resistance lines drawn on 1HR time frames.
*Fin Channel drawn on daily chart and is used to give indication of possible retracement areas on trend.
Overview
D1 Demand zone was well respected where buyers entered the market and pushed the
Entry: 1.1815
SL: 1.1760 (below 1.1780 support)
Quick TP1: 20 pips to lock in profits and move SL break even + 2 pips
1-2 day holding TP2: 1.870
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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.