A rejection from the demand zone can give some bullish momentum to this pair. The price has not managed to break the current level forming a new high. We could expect the price to break above testing the previous support level (dotted blue line), and after a pullback, a long entry could be set to the pattern neck.
The order:
Type: buy-limit
S/L: 18 pips - R:R | 1:4 -
T/P: previous confluence level
--
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The order:
Type: buy-limit
S/L: 18 pips - R:R | 1:4 -
T/P: previous confluence level
--
*** If you like the idea, don't be shy; click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
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FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
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TWITTER
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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.