On weekly chart a Triple Cycle has been completed. This is why it is preferred to look for long opportunities in the mid-short term.
There is a trend line from the bottom. If the pair reaches it and creates divergence near it we can try a long position.
Target 1: 86.00
Target 2: 86.80
Stop Loss: 10 pips below the trend line support area.
There is a trend line from the bottom. If the pair reaches it and creates divergence near it we can try a long position.
Target 1: 86.00
Target 2: 86.80
Stop Loss: 10 pips below the trend line support area.
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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.
Related publications
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.