The pair is showing strong bullish momentum following a break and successful retest of our 1H level. We plan to enter a buy position around 151.894, aiming for a target level of 153.026. Stop-loss orders should be set at 151.468 to manage risk effectively.
This trade setup offers a risk-to-reward ratio of 1:2.65, presenting a favorable opportunity. As always, trade responsibly and ensure that this position aligns with your individual trading strategy.
This trade setup offers a risk-to-reward ratio of 1:2.65, presenting a favorable opportunity. As always, trade responsibly and ensure that this position aligns with your individual trading strategy.
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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.