The Plan is to wait for the price to Retest after Resistance zone is broken. The Risk to Return ratio is 1:7. The Strict Stop Loss of 10 Pips would be in Place.
Note: Do your own analysis before taking the trade.
Long/Buy: 114.010 - 114.070
Stop Loss: 113.900
Target: 114.953
Indicator used: Moving Average (MA)
Analysis based on: Moving Averages, Market Structure & Supply/Demand Zones.
Note: Do your own analysis before taking the trade.
Long/Buy: 114.010 - 114.070
Stop Loss: 113.900
Target: 114.953
Indicator used: Moving Average (MA)
Analysis based on: Moving Averages, Market Structure & Supply/Demand Zones.
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.
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.