This analysis is based on the 15-minute chat and is a short-term trade for which I had first identified a strong support (pink line) at 1.08117. Next, I recognized a Head & Shoulder chart pattern and identified a neckline (orange dotted line). Finally, a fib tool was implemented which helped me find my potential S/L around the 50% range, and T/P was placed close to my pink support line.
R/R is 1.98
R/R is 1.98
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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.