EURUSD will be bought on line 1.16220 and the first TP will be on line 1.18124 since it has an M formation. This trade will be invalid if we a get a daily close below the entry pint which will be meant for our buying zone which in this case is line 1.16220.
Note
However, the green candle that we have will act as resistance which could push price down
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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.