Update for the Sell Idea that we are following from last week.
On the H4 chart we will have a second false break if the current candle closes 0.7067.
A break below the most recent trendline and the most recent low is what I am looking for on the H1 chart.
Look for a small correction after the breakout and then enter to increase the risk reward ratio.
Final Target 0.6920.
Protection above last high which is currently at 0.7103 or so.
Invalidation – break above 0.7103 before a triggered would invalidate this setup and we will look for entries higher.
On the H4 chart we will have a second false break if the current candle closes 0.7067.
A break below the most recent trendline and the most recent low is what I am looking for on the H1 chart.
Look for a small correction after the breakout and then enter to increase the risk reward ratio.
Final Target 0.6920.
Protection above last high which is currently at 0.7103 or so.
Invalidation – break above 0.7103 before a triggered would invalidate this setup and we will look for entries higher.
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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.