Getting ready to go long, can we hit 0.71?
I'm getting ready to buy this pair, keeping an eye out for a potential dip down to around 0.666. This area is the newly created weekly demand/buy zone that caused the break and close above the weekly long term trend so is a good area to get back long
My game plan here is pretty simple: is too buy during the dip down to the breakout region. I've pegged the targets for this trade at 0.71, which stood as a solid weekly support in the past and is now expected to double up as a resistance level, pulling the price towards it.
Hope you enjoyed :)
My game plan here is pretty simple: is too buy during the dip down to the breakout region. I've pegged the targets for this trade at 0.71, which stood as a solid weekly support in the past and is now expected to double up as a resistance level, pulling the price towards it.
Hope you enjoyed :)
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Get Your FREE Copy of The Trader's Edge – Mental Strategies for Market Success! -thetradingedge.net/the-traders-edge
Join Telegram group -t.me/+T7V_JSiKKsliMTJl
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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.