Another long entry. 1h is in an uptrend and has pulled back. Larger range is still there and the highs haven't broken. You expect a pullback as we come into areas of previous supply but until that pullback becomes a trend change, you can go with the trend into the top of the range. There is also potential for a larger second leg to play out on the HTF. Stops should be tighter near the top of the range however and always look to secure some profit around the high of the range you are trading.
Trade closed: target reached
Target 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.