Long after the stop hunt

1.50 is a massive support zone. Aggressive buyers have been taken out earlier. Now we have an opportunity for a long trade. A wider stop can be considered for conservative traders at the expense of lower reward.

Note

Bulls are struggling to break above 1.5030. SL moved to BE

Note

Price closed above 1.5030. An opportunity to add to current position

Trade closed manually

Hourly chart printed a bearish engulfing candle. Exiting trade @ 1.5017

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