Firstly, if your broker doesn't have a decent spread that you think you can work with, forget about this.
*I see an M formation.
*Multiple Harmonic Patterns have completed from this area, others well within PRZ.
With every trade comes risk, however Exotics provide more risk than usual. But I do think this is a good opportunity to go long, to gain exposure to currencies outside the usual. I recommend using a small lot size with a healthy SL.
Open to other opinions.
*I see an M formation.
*Multiple Harmonic Patterns have completed from this area, others well within PRZ.
With every trade comes risk, however Exotics provide more risk than usual. But I do think this is a good opportunity to go long, to gain exposure to currencies outside the usual. I recommend using a small lot size with a healthy SL.
Open to other opinions.
Trade closed: target reached
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Related publications
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.