On the 1h chart we have a nice level forming with lower highs forming and stop above the most recent lower high opens up the chance to retest the lows around the .704 level this trade will offer a R:R 4:1 and has a chance to form another lower high for a better stop loss. the inducator's in my view seem to be flat t slight bearish offering a bit more weight to the setup
Comments
crazy25000
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Same trade.
Brown.Michael.6
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it ended up being a good trade and worked out well :)