Price has reached an area at which I expect growth from.
I anticipate price to bounce off the daily upward trendline for a buying opportunity, albeit there's still heavy bearish momentum.
Price has reached also an important area of support from which a buying opportunity is highly probable. Confirmation of candlestick patterns should give signal to enter.
Risk- reward ratio of 1: 6.78
SL: 1.23779 (-39 pip risk)
TP1: 1. 25027
TP2: 1.25992
TP3: 1.26812
Let me know what your thoughts or analysis are on this pair as this should be an interesting setup with lots of pips for the taking :)
I anticipate price to bounce off the daily upward trendline for a buying opportunity, albeit there's still heavy bearish momentum.
Price has reached also an important area of support from which a buying opportunity is highly probable. Confirmation of candlestick patterns should give signal to enter.
Risk- reward ratio of 1: 6.78
SL: 1.23779 (-39 pip risk)
TP1: 1. 25027
TP2: 1.25992
TP3: 1.26812
Let me know what your thoughts or analysis are on this pair as this should be an interesting setup with lots of pips for the taking :)
Trade active
Entered @ 1.24180I will look for more opportunities to enter at the completion of the retest.
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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.