Entry at 0.7274, waited for Price to retrace down to this level before bouncing off to make 40 pips
Note
Reasons for entering at this price, Stocastics had reached the Over-Sold area, also a confluence of Support with the Pivot and Fib retracementNote
Also an Inside Bar had formed at this support level
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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.