Technical Confluences for Trade: - Stochastics are in Oversold Conditions on H1 & H4 time-frame - Price action is close to a Demand Zone (Yellow Area) & has Support Trendlines around - Aiming for the next Consolidation Zone of Price Actions
Fundamental Confluences for Trade: - Very different economies with market data gyration will pretty much determine the direction of this trade.
Suggested Trade: Buy Limit @ 0.8098 SL @ 0.8051 TP 1 @ 0.8150 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 0.8213 Risk-to-Reward @ Approx. 2.40 (Depending on Entry Level)
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
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Trade active
Buy Limit Order hit. Order activated.
Comment
TP 1 achieved. Take profit on half the position & move the SL to Breakeven Levels.
Enjoy the remaining risk-free trade. :D
Trade closed: target reached
TP 2 achieved.
Enjoy the gains! Look forward to the next trade. :D
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
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