The pair is trading within a rising channel pattern, signaling a bullish outlook. It is currently near the lower range of the channel, suggesting potential upward momentum.
🔍 Key Observations:
The price is bouncing off the channel support, aligning with bullish sentiment.
RSI is neutral, leaving room for upward movement.
Bollinger Bands indicate potential for a move toward the upper boundary.
🎯 Plan:
Entry: Around 1.1040
Take Profit 1: 1.1065
Take Profit 2: 1.1085
Stop Loss: 1.1022
💡 Look for clear confirmation of support holding before entering. Always use proper risk management! 🚨
🔍 Key Observations:
The price is bouncing off the channel support, aligning with bullish sentiment.
RSI is neutral, leaving room for upward movement.
Bollinger Bands indicate potential for a move toward the upper boundary.
🎯 Plan:
Entry: Around 1.1040
Take Profit 1: 1.1065
Take Profit 2: 1.1085
Stop Loss: 1.1022
💡 Look for clear confirmation of support holding before entering. Always use proper risk management! 🚨
Trade closed: target reached
Take profit 1&2 reached!
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Telegram Link: t.me/charts_M7M
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.
📈 6 years in the financial markets! Join my Telegram for exclusive insights.
Telegram Link: t.me/charts_M7M
Telegram Link: t.me/charts_M7M
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.