Looks like an interesting level to open a long position with minimal risk for entry.
Note
This has worked out so far, I've adjusted my stops. It's a risk-free trade at this point for me. Now, I'm waiting to see if the price can break the 1.30 level and hold higher.
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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.