in 4H chart :
Bottom of bullish parallel channel (green color)
4H support
Pullback to broken bearish parallel channel (blue color)
61.8% fibo retracement
> Buy
Entry : 1.1240
-Stop : 1.1225 (15 pips)
-TP1- : 1.1275 (35 pips)
-TP2- : 1.1330 (90 pips)
Bottom of bullish parallel channel (green color)
4H support
Pullback to broken bearish parallel channel (blue color)
61.8% fibo retracement
> Buy
Entry : 1.1240
-Stop : 1.1225 (15 pips)
-TP1- : 1.1275 (35 pips)
-TP2- : 1.1330 (90 pips)
Trade closed: target reached
First target reached. Profit = +35 pipsMove sl to entry point and wait for second target at 1.33
[img]
Note
Good idea. Now we have 64 pips profit. Wait for 1.1330
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Related publications
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.