The pair has just bounced from a countertrend-line, will wait till the daily closes convincingly bullish before taking out a long position. TP all the way up to the wedge upper boundary and the 4HR resistance level for a great R/R.
TP @ 1.35509
SL @ 1.31539
R/R @ 2.97
TP @ 1.35509
SL @ 1.31539
R/R @ 2.97
Trade active
Trade taken out at a more favourable price, R/R is now 3.48 and the trade is active.Trade closed: stop reached
The pair broke below the wedge and took out the SL.
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Related publications
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.