I'm bullish for long term trades, I think it is a great opportunity but you need to find a good entry point and you could be involved in some losses at the moment with the current price action, moving from 1.6550 to 1.6620 and back down again.
Current candle shows clearly the uncertainty in this pair.
Hold positions if you got a nice entry, otherwise look for 1.6570 area to jump in. Worst case scenario down to 1.64856 manage your risk and exposure accordingly.
Very nice reward ratio in this case.
Current candle shows clearly the uncertainty in this pair.
Hold positions if you got a nice entry, otherwise look for 1.6570 area to jump in. Worst case scenario down to 1.64856 manage your risk and exposure accordingly.
Very nice reward ratio in this case.
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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.