Hello guys.
I anticipate that this pair is building a bullish momentum. The price touched a major resistance zone, then bounced. It seems that this zone is weakened and the price will break out of this zone.
My entry point is at 0.852, at the zone, after a breakout and retesting the zone. My stop loss is at 0.844, which is way below the current support zone. I am targeting a 1:3 R:R for this trade.
Remember, risk 1% of your account while trading.
Have a pippy day!
I anticipate that this pair is building a bullish momentum. The price touched a major resistance zone, then bounced. It seems that this zone is weakened and the price will break out of this zone.
My entry point is at 0.852, at the zone, after a breakout and retesting the zone. My stop loss is at 0.844, which is way below the current support zone. I am targeting a 1:3 R:R for this trade.
Remember, risk 1% of your account while trading.
Have a pippy day!
Trade active
It is live!Trade closed: stop reached
The trade has touched the stop loss.
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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.