As you can clearly see on the chart this pair is respecting the trendline. 148.00 is confluence. A sustained break and close above and we may have a push back to 152 minimum and 155 maximum. I am wait for a close above to get long here, with a stop at 146.45. I believe this offers a excellant rr to those who are patient enough to stay in this trade for the long run. With a weekly ATR of 330 , this will take a couple of weeks to play out. But please remember this, you can set it and forget, check once a day and go on with your life. I have found on trading the weekly, less stress, better risk to reward and less emotional involvement which is the achilles heel to most amateurs.
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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.