We can see that this pair is hitting a key point in the ascending channel illustrated above where we can make a significant play of over 100 pips. This is supported by the formation of a bullish butterfly pattern on the 4h timeline. The yellow line is where I expect there to be slight consolidation before continuing its uptrend motion to the target marked by the blue-line which is a significant S&R level.
Setup
Entry: 1.00818
TP: 1.01969
SL: 1.00659
Setup
Entry: 1.00818
TP: 1.01969
SL: 1.00659
Trade active
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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.