Trade Plan: This trade is based on a liquidity grab. The stop loss is set below the previous low.
Reasoning: The price has shown a pattern of accumulation after taking liquidity with the possibility of further bullish movement as it nears the next resistance level. Watch for price action confirmation around the entry level before committing to the trade.
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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.