Idea: Long around 0.86800 - 0.86950 range (RR Ratio 4+)
Reason: Rebounded off key support 0.8660, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Downward channel breakout potential, Awesome Oscillator in 1h 2h 4h signals an upcoming correction
TP: Based on key resistance/ support level
SL: Above below resistance/ support level 0.8660
Key targets (Short-mid term): 0.87150, 0.87350, 0.87520, 0.87650, 0.87750, 0.87850, 0.87950, 0.88060, 0.88200, 0.88290
Reason: Rebounded off key support 0.8660, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Downward channel breakout potential, Awesome Oscillator in 1h 2h 4h signals an upcoming correction
TP: Based on key resistance/ support level
SL: Above below resistance/ support level 0.8660
Key targets (Short-mid term): 0.87150, 0.87350, 0.87520, 0.87650, 0.87750, 0.87850, 0.87950, 0.88060, 0.88200, 0.88290
Comment:
Update: Hit first target 0.87150 earlier
Trade closed: stop reached:
Update: Hit first tp and hit SL, all remaining trades closed