Bear is losing momentum and has fallen into a zone of multiple calculated support lines.
Buy a few hours into market open. Initial target 1.2450. SL: ~50 pips
More conservative trade: Wait for break of 1.2330/Confirmation(s) on 1H.
Buy a few hours into market open. Initial target 1.2450. SL: ~50 pips
More conservative trade: Wait for break of 1.2330/Confirmation(s) on 1H.
Trade closed: stop reached
SL hit, bears' regained momentum for now.
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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.