a good indecision candle has formed on a key support level on the daily time frame indicating strong rejection at that level. we are looking to go long by placing a order slightly above the indecision candle ( at 0.74188), when price starts making higher highs. our stop will be slightly below he indecision candle.
Note
Price has hit our first TP. This is a minor resistance level, as we can see price stalling on the lower time frames. it is possible that we may see a pull back at this level. But the momentum of price as it reaching this level seem quite good. so we might just close off partial profits, and keep holding for our next target.
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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.