breakout of structure + retest.
Price reacted to a MN chart yearly level @ price 0.83068 , this led to price gaining bullish momentum and breaking out of 1D bearish channel inside the bigger 1W channel that price is trading in.
I am long on @ 0.83550 with stops below recent low @ 0.83067 and targets at top of liquidity pool @ 0.85120 giving me a 1:3.2 risk, reward.
It's not all about talent. It's about dependability, consistency, and being able to improve. If you work hard and you're coachable, and you understand what you need to do, you can improve. Bill Belichick
I am long on @ 0.83550 with stops below recent low @ 0.83067 and targets at top of liquidity pool @ 0.85120 giving me a 1:3.2 risk, reward.
It's not all about talent. It's about dependability, consistency, and being able to improve. If you work hard and you're coachable, and you understand what you need to do, you can improve. Bill Belichick
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.