This low Area shows strong accumulation and should not be ignored.
Currently there is no sign of bullish momentum so trying to get filled as low as possible in this range is the goal.
There is one major Resistance Point at 0.76300 which could act as TP1 area.
SL at new Low is quite reasonable even if it's just a stop hunt - R/R is really good on this trade and gives a good equity risk potential.
Currently there is no sign of bullish momentum so trying to get filled as low as possible in this range is the goal.
There is one major Resistance Point at 0.76300 which could act as TP1 area.
SL at new Low is quite reasonable even if it's just a stop hunt - R/R is really good on this trade and gives a good equity risk potential.