This is a daily swing. So first thing you must notice is that, this is a false break, but on a daily level. False breaks are basically stop loss hunts.
So how do we take the trade?
Wait for price to break up 1.324 to 1.328. Once it is there, wait for a retest back to 1.324 and go long. That will add momentum to the 4hour timeframe to complete the huge “W” pattern (double bottom) on the daily timeframe
Let me know your comments and views.
Thanks and good luck
So how do we take the trade?
Wait for price to break up 1.324 to 1.328. Once it is there, wait for a retest back to 1.324 and go long. That will add momentum to the 4hour timeframe to complete the huge “W” pattern (double bottom) on the daily timeframe
Let me know your comments and views.
Thanks and good luck
Trade closed: stop reached
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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.