The price was in a consolidation area and broke up the upper resistance. I can see this consolidation area as an ascending triangle. I can see this trade for long term rather than short term. We can put three /take profit/ targets. On the weekly we can see the bigger picture.
Note
The Weekly Outlook. Note
Why There are a lot of CAN's in my description? :)Trade closed: stop reached
The Price hit the stop loss.Note
Although the price hit the stop loss. I think the pair is going up unless it break the level of /1.66000/ .
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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.