Buy Opportunity
Signal:
Trade Type: Long (Buy)
Entry:
Enter near the current level, around 1.93150, or wait for a slight pullback near 1.92642 for better risk/reward.
Take Profit (TP):
TP1: 1.93996 (key resistance level).
TP2: 1.96350 (next major resistance level based on the fib and volume zones).
Stop Loss (SL):
SL below 1.92139 (support zone).
Risk/Reward Analysis:
The chart suggests a potential Risk/Reward ratio greater than 2:1, with significant upside potential if the pair moves to retest the higher resistance levels.
Ensure you confirm this signal with macroeconomic events, news, and any related currency drivers before placing a trade!
Trade Type: Long (Buy)
Entry:
Enter near the current level, around 1.93150, or wait for a slight pullback near 1.92642 for better risk/reward.
Take Profit (TP):
TP1: 1.93996 (key resistance level).
TP2: 1.96350 (next major resistance level based on the fib and volume zones).
Stop Loss (SL):
SL below 1.92139 (support zone).
Risk/Reward Analysis:
The chart suggests a potential Risk/Reward ratio greater than 2:1, with significant upside potential if the pair moves to retest the higher resistance levels.
Ensure you confirm this signal with macroeconomic events, news, and any related currency drivers before placing a trade!
GODO Capital Markets
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.
GODO Capital Markets
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.