📈 Long Setup at Daily Demand Retest Zone
I'm considering a long position as 1.03072 aligns with my daily demand retest zone. This trade follows a fixed stop loss and target, maintaining a risk-to-reward (RR) ratio of 3.5.
🔹 Entry: 1.03148
🔹 Stop Loss: 1.03032
🔹 Target 1: 1.03328 (RR = 1.5)
🔹 Target 2: 1.03557 (RR = 3.5)
This setup is based on price reacting to a key demand zone, expecting a potential upside move. Let’s see how it plays out!
I'm considering a long position as 1.03072 aligns with my daily demand retest zone. This trade follows a fixed stop loss and target, maintaining a risk-to-reward (RR) ratio of 3.5.
🔹 Entry: 1.03148
🔹 Stop Loss: 1.03032
🔹 Target 1: 1.03328 (RR = 1.5)
🔹 Target 2: 1.03557 (RR = 3.5)
This setup is based on price reacting to a key demand zone, expecting a potential upside move. Let’s see how it plays out!
Trade closed: stop reached
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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.
Related publications
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.