Price action managed to find support and avoid the bearishness previously forecasted, currently supported by a confluence zone where descending trend line and support met.
If the current zone manages to avoid a breakout, it will give a bullish bias to the pair with a beautiful R:R ratio as the price could reach new high at the next resistance level, a long entry is set to capture the upward movement to come.
The order:
Type: sell-stop
S/L: 24 pips - R:R | 1:4.5 -
T/P: next resistance level
--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
If the current zone manages to avoid a breakout, it will give a bullish bias to the pair with a beautiful R:R ratio as the price could reach new high at the next resistance level, a long entry is set to capture the upward movement to come.
The order:
Type: sell-stop
S/L: 24 pips - R:R | 1:4.5 -
T/P: next resistance level
--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, 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:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
facebook.com/ogfxtrader
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
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.