Taking a long position on EURUSD based on an upward trend being formed on the chart as well as the candle bouncing off trendline support meaning that it is being respected.
Therefore, we will take a long position and exit on the level of trendline resistance.
SL and TP also defined using Fib Retracement
Therefore, we will take a long position and exit on the level of trendline resistance.
SL and TP also defined using Fib Retracement
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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.