the trendline on 4H timeframe seems to be supporting the price right now which is a good sign to the upside. I am taking a trade with a risk/reward ratio @ 3.49:1.
In case of breaking down the 4H support, I am willing to take a 4.27% loss. If the trendline is broken, further consolidation will be on its way towards 105.
In case of breaking down the 4H support, I am willing to take a 4.27% loss. If the trendline is broken, further consolidation will be on its way towards 105.
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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.