Timeframe
Daily: Range
4Hr: Uptrend
1Hr: Uptrend
In 1 hr chart, the uptrend is weakening as shown by price range tool, reversal may occur soon most likely @ 76.677. However, would prefer not to enter the trade if that is the case as RR ratio is not worth the entry. Will definitely enter @ 76.918 due to better RR Ratio.
Daily: Range
4Hr: Uptrend
1Hr: Uptrend
In 1 hr chart, the uptrend is weakening as shown by price range tool, reversal may occur soon most likely @ 76.677. However, would prefer not to enter the trade if that is the case as RR ratio is not worth the entry. Will definitely enter @ 76.918 due to better RR Ratio.
Note
I've overlooked 4 hr chart, indicating strength in bulls. Long @ 76.776, SL @ 76.772, TP @ 77.512Note
TP @ 77.215.
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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.