Core Scenario:
Trading Strategy
Entry in Lower Timeframes (1H-2H):
Risk Management:
- A confirmed breakout above the blue zone (1.2870) indicates the completion of the daily downtrend correction.
- This breakout serves as strong confirmation of the resumption of the uptrend.
Trading Strategy
Entry in Lower Timeframes (1H-2H):
- Look for pullbacks or buy signals at resistance zones
- A potential buy opportunity exists at the price reaction to the purple zone (as marked on the chart).
Risk Management:
- The bullish scenario remains valid as long as price sustains above the blue zone
- Any close below 1.2870 would be a warning signal
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.