While the recent price consolidation may appear bearish (H&S formation etc.) it is important not to lose sight of the broader trend which is BULLISH. Similar to Gold (or anything against the U.S. Dollar), price is likely to at least test the range high if not break out to a new high.
With a SWING TRADE in mind, long from the current price offers attractive reward/risk:
Risk can be defined from the 1.1785 area.
Target 1 can be reasonably placed near the 1.2000 area.
Our trade ideas utilize 3 targets in order to capitalize on a broader move IF the market want to provide one. In this case, the other two targets must be determined by you.
Many place too much weight on the recent bearish price structures, but do not realize in this content, they carry much less weight in terms of reliability.
*This is for educational purposes only, and should not be taken as investment advice.
With a SWING TRADE in mind, long from the current price offers attractive reward/risk:
Risk can be defined from the 1.1785 area.
Target 1 can be reasonably placed near the 1.2000 area.
Our trade ideas utilize 3 targets in order to capitalize on a broader move IF the market want to provide one. In this case, the other two targets must be determined by you.
Many place too much weight on the recent bearish price structures, but do not realize in this content, they carry much less weight in terms of reliability.
*This is for educational purposes only, and should not be taken as investment advice.
I hosted ICTC 2025: whitebit.com/m/ICTC-2025
Try Trade Scanner Pro for FREE: bit.ly/TSCPRO
LIVE Day Trades: youtube.com/@marcpmarkets.signals
Watch Full Trade Scanner Pro Tutorial: youtu.be/fdFLhLnqM9A
Try Trade Scanner Pro for FREE: bit.ly/TSCPRO
LIVE Day Trades: youtube.com/@marcpmarkets.signals
Watch Full Trade Scanner Pro Tutorial: youtu.be/fdFLhLnqM9A
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.
I hosted ICTC 2025: whitebit.com/m/ICTC-2025
Try Trade Scanner Pro for FREE: bit.ly/TSCPRO
LIVE Day Trades: youtube.com/@marcpmarkets.signals
Watch Full Trade Scanner Pro Tutorial: youtu.be/fdFLhLnqM9A
Try Trade Scanner Pro for FREE: bit.ly/TSCPRO
LIVE Day Trades: youtube.com/@marcpmarkets.signals
Watch Full Trade Scanner Pro Tutorial: youtu.be/fdFLhLnqM9A
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.