Ideally I want to see another push down, creating bullish divergence and a false break. To be more conservative, draw the most recent trend line (bearish trend line) and wait for the breakout. Last stage is to let the price correct itself a bit before going long.
Target 1 – 1.0520.
Target 2 – 1.0580.
Stop loss – below last low created.
Note: Move your stop loss to entry level, once target 1 is reached.
Target 1 – 1.0520.
Target 2 – 1.0580.
Stop loss – below last low created.
Note: Move your stop loss to entry level, once target 1 is 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.