9/3 and 9/4 candles form the inside bar formation. A number of risks with this trade however:
It is at a major resistance and the two tails from yesterday could signify the presence of major sellers at the resistance.
For these reasons, we have a very tight 36 pip stop with a high R/R of 3.5, targeting the next resistance at .95
It is at a major resistance and the two tails from yesterday could signify the presence of major sellers at the resistance.
For these reasons, we have a very tight 36 pip stop with a high R/R of 3.5, targeting the next resistance at .95
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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.
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.