Could the bounce off 1.4140 see another move up to the 1.44500 area?
The structure forming at the bottom might be suggesting a new pattern forming, but from that support area, it might be worth a long position with a good RR ratio
The structure forming at the bottom might be suggesting a new pattern forming, but from that support area, it might be worth a long position with a good RR ratio
Note
I'm scaling in - started at 1.41598 - stop placed at 1.41110.Risk to Reward 5:1
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A bit of a scrambled start but we seem to be off and running...About another 100 pips to reach the 1.4455 - I wonder if we'll get there...
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mmm, so the question now is, will it return back down that channel...Not a bad effort though, following the upward move ...
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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.