Based on the chart, a series of higher highs (HHs) and higher lows (HLs) have formed, indicating a bullish trend is synced. To make a smart entry, the Fibonacci tool is applied, and a long trade is taken with a 1:1 risk-reward ratio. The trade plan is as follows:
Trade: Long
Entry: Buy Stop at 1.10600
Stop Loss: 1.10069
Lot Size: 0.15
Take Profit 1: 1.11131
Take Profit 2: 1.11662
In summary, based on the bullish trend identified on the chart, a long trade is taken using a buy stop entry order, with appropriate stop loss and take profit levels.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Trade: Long
Entry: Buy Stop at 1.10600
Stop Loss: 1.10069
Lot Size: 0.15
Take Profit 1: 1.11131
Take Profit 2: 1.11662
In summary, based on the bullish trend identified on the chart, a long trade is taken using a buy stop entry order, with appropriate stop loss and take profit levels.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
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.
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.