Since March 2020, this pair has been in an uptrend. A base was established in the 68.20-69.00 area from where the current up move was launched. Price recently broke above a major S/R zone located in the 71.50-72.70 area.
I expect that area will be revisited and this is the area I will be looking to find an opportunity to join the trend.
If this works out as per my analysis, this trade has the potential to provide a +4R trade.
If you like my analysis, please give it a "thumbs up" and follow me to get immediate notifications.
As always, please use sound money and risk management in all your trades.
I expect that area will be revisited and this is the area I will be looking to find an opportunity to join the trend.
If this works out as per my analysis, this trade has the potential to provide a +4R trade.
If you like my analysis, please give it a "thumbs up" and follow me to get immediate notifications.
As always, please use sound money and risk management in all your 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.
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.