Extended downside movement. Long
Analysis: Price can be seen as extended in the daily time frame and lies at 50% range within the consolidation region which can be viewed as a support level. In the lower time frame, price broke out of a smaller consolidation region with an extended move. In this kind of scenario, price is likely to retrace towards the lower region of the consolidation.
Long opportunity: Long at market reopening towards 1.35483 as Take Profit - 1 level.
Long opportunity: Long at market reopening towards 1.35483 as Take Profit - 1 level.
Trade active
TP1 reached.
TP2 to close fully (1.36091)
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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.