Well we are right now in a kind of rectangle. We got supported at the area 1.306x and were pulled back at 1.314x.
So that's why i would enter long right after the resistance and place my SL under the support. My next goal is somewhere at the next resistance area which i've marked red somewhere at 1.328x
Similiar stuff for Short position.
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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.