Here is the EURCHF pair, after it reached the first target areas, negative sequences were formed on the four-hour frame
For further confirmation we need to break the bottom at 0.96233 levels
If this scenario is implemented, the target will be as :
TP 1 0.96214 45 PIP
TP 2 0.95739 80 PIP
TP 3 0.95521 100 PIP
As the figure shows, it is possible to target healthy correction areas for these sequences
At levels between 0.95349 / 0.94929
For further confirmation we need to break the bottom at 0.96233 levels
If this scenario is implemented, the target will be as :
TP 1 0.96214 45 PIP
TP 2 0.95739 80 PIP
TP 3 0.95521 100 PIP
As the figure shows, it is possible to target healthy correction areas for these sequences
At levels between 0.95349 / 0.94929
Trade closed: target reached
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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.
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.