Here I have a simple setup for both long and short trades. If price was to break the resistance at 0.8750 and break out of the trendline, I would enter upon a retest and target 0.8850 and 0.8900 levels.
If price was to break down from the support, shorts can be executed upon a retest to ride out the continuation of a next bearish leg towards previous daily structure at 0.8650. Stops 3-5 pips past the wick/rejection candle.
If price was to break down from the support, shorts can be executed upon a retest to ride out the continuation of a next bearish leg towards previous daily structure at 0.8650. Stops 3-5 pips past the wick/rejection candle.
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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.