- Price made a weak reaction at the 1.4826 level, which failed to produce a new low.
- I am seeing price attempting to breach higher.
- By trading in anticipation of this breakout, you can get a slightly better R-multiple. If price pulls back and fails to hold above this level, I can avoid a loss that would occur if I enter after the breakout.
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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.