Buy opportunity
Trade Setup
Entry: 1.94474
Stop-loss: 1.93828
Target 1: 1.96350
Target 2: 1.97640
This setup provides a favorable risk-reward ratio for the trade.
Recommendations:
Monitor Key Levels: Watch for bullish price action at the support zone to confirm entry.
Adjust Targets: If the price struggles near 1.96350, consider partial profit-taking and move stop-loss to breakeven.
Momentum Confirmation: Look for bullish momentum on lower timeframes to confirm upward strength.
Entry: 1.94474
Stop-loss: 1.93828
Target 1: 1.96350
Target 2: 1.97640
This setup provides a favorable risk-reward ratio for the trade.
Recommendations:
Monitor Key Levels: Watch for bullish price action at the support zone to confirm entry.
Adjust Targets: If the price struggles near 1.96350, consider partial profit-taking and move stop-loss to breakeven.
Momentum Confirmation: Look for bullish momentum on lower timeframes to confirm upward strength.
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.