Despite being bullish in higher timeframes (monthly), the latest monthly structure was broken making it a significant moment for bears.
In the weekly timeframe, price action is still bullish, but having approached a significant monthly level, we are expecting a counter trend.
We are risking 20 Pips on this trade targeting a minimum 1:5
In the weekly timeframe, price action is still bullish, but having approached a significant monthly level, we are expecting a counter trend.
We are risking 20 Pips on this trade targeting a minimum 1:5
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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.