On the 4H chart, the pair is testing the previous high (PH) line and could potentially see the final wave of the bearish flag (possibly
test 110.60 or the R1 level,110.913) before the bearish breakout. Key confirmation area before trading would be if the pair broke the PH and the EMA,50.
After that confirmation, the trade set up
- Entry position: PH(110.228)
- S/L : 110.620
- TP 1: 109.90
- TP 2:109.625
test 110.60 or the R1 level,110.913) before the bearish breakout. Key confirmation area before trading would be if the pair broke the PH and the EMA,50.
After that confirmation, the trade set up
- Entry position: PH(110.228)
- S/L : 110.620
- TP 1: 109.90
- TP 2:109.625
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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.