Price hitting the support which tend to hold since 9 october. Therefore price tend to bounce higher then to break the support, as we can see the support tend to hold, then breakdown and go up again.
RR Ratio 2.5:1
(Note: Never trade with the money you can't afford to lose)
Good luck.
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RR Ratio 2.5:1
(Note: Never trade with the money you can't afford to lose)
Good luck.
Please like, comment, and subscribe to support the author if you find this analysis helpful.
Comment:
Price breakout the previous resistance, retest. We can long now if you think the RR ratio is acceptable.
Trade closed: stop reached:
Price break the support, exit trade.