Main items we can see on the chart:
a) The price has broken a descending trendline
b) The reversion happened after the price reached a major Support Zone
c) Currently, we can see a clear corrective structure
d) Our Trade idea is: ENTRY LEVEL on the green arrow starting zone / STOP LEVEL below the corrective structure / TAKE PROFIT LEVEL at the end of the green arrow / BREAKEVEN LEVEL at 1.24000
a) The price has broken a descending trendline
b) The reversion happened after the price reached a major Support Zone
c) Currently, we can see a clear corrective structure
d) Our Trade idea is: ENTRY LEVEL on the green arrow starting zone / STOP LEVEL below the corrective structure / TAKE PROFIT LEVEL at the end of the green arrow / BREAKEVEN LEVEL at 1.24000
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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.
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.