An acceptable risk-to-return ratio might justify a long trade with a target at the previous upper consolidation.
Use a tight stop as price might break through the current range and continue in its longer time frame bearish direction.
Use a tight stop as price might break through the current range and continue in its longer time frame bearish direction.
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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.