Lets play this long trade here. Probably a less riskier bet would be to long from 4HS2 level but I feel its gonna give a bounce for a long trade already from 4HS1. I will add if it goes to 4HS2. The target should be the next 4h resistance 4HR1 zone around 7.27-7.30.
Trade closed: target reached
This one got filled finally. And the price bounced there. This is why sometime one needs patience for a good entry and it pays off. Just closed this one at 7.20. It might head for the target but could retrace here. I will add if it comes to 7.10.Note
So as planned, again into the trade at 7.10. Target again the same 4HR1 zone.Note
And that completes this double trade. I will look for another setup to trade this. I expect some retrace here. In general this one is showing good strength so a good candidate for long side trades.
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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.