Double bottoming at the 0.7050 price level and ending Friday's trading session as an inside bar where the oscillators convey bullish divergence a likely bullish scenario is in development. There is potential for price to rally back into 0.7400 after breaking through and closing above ~0.7210.
entry - above high of inside bar
stop loss - below low of mother bar
target - short term at ~0.7210, long term at 0.7400
entry - above high of inside bar
stop loss - below low of mother bar
target - short term at ~0.7210, long term at 0.7400
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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.