A structure break occurred at the 0.8123 level, shifting the market from a bearish structure to a local bullish one — which now has the potential to continue higher.
With that in mind, a long position can be considered on a renewed break above 0.8123. The target is 0.8267.
If the setup is triggered, the stop-loss should be placed either below the most recent (optimal) local low, or simply at 0.8065.
With that in mind, a long position can be considered on a renewed break above 0.8123. The target is 0.8267.
If the setup is triggered, the stop-loss should be placed either below the most recent (optimal) local low, or simply at 0.8065.
Trade closed: target reached
Clean setup execution.
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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.