🌟this pair is traded for a long term situation with a high R/R value (the R/R stays the same)
🌟in this ascending channel you can see the reversed H&S formation (or the 3 buddha or 3 rivers in Japanese trading) which is an indicator for a bullish bias and its marked with faint yellow highlight
🌟you can observe a blood waterfall (marked with red highlight) which is abnormal in the market and distracts the EMA statistics and for balancing this situation a green mountain needs to recover this bleed of the market from the top to the bottom of the channel (both waterfall and mountain phrases are visionary and not official formats)
🌟this position has a 3510 pips rewards aside a high cost stop loss so manage your leverage properly
Risk warning, disclaimer: all of the following signals/ideas are subjective and based on market judgement of our team's technical and fundamental analysis , we hope traders consider this and always check it with your own strategy, if you don't have any we can help you form one
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