Hello guys
This pair has been forming a falling flag, a major indication of bullish momentum, but it is in the earlier stages of formation. I anticipate that the market will continue with the formation, according to the higher timeframes.
My entry point is at 90.7 with stop loss at 91.7, and I am targeting a 1:5 R:R ration for this trade.
Remember, risk only 1% of your account.
This pair has been forming a falling flag, a major indication of bullish momentum, but it is in the earlier stages of formation. I anticipate that the market will continue with the formation, according to the higher timeframes.
My entry point is at 90.7 with stop loss at 91.7, and I am targeting a 1:5 R:R ration for this trade.
Remember, risk only 1% of your account.
Trade active
It is live!Trade closed: stop reached
Stop reached.Which now gives an indicator of a bullish momentum!
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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.