Key reasons to look for longs.
1. Price consistently forming higher lows & higher highs.
2. Price holding well above 200 Day Moving Average.
3. Price broke and closed above and held above the Trend Line Resistance from 6th of January 2021.
4. Decent price action & volume.
5. Good Risk to Reward Ratio.
Buy Trade Setup
Long @ 1.2060
Targets @ 1.2180, 1.2240, 1.2345
Stops @ 1.1966
R/R ratio 1:3
1. Price consistently forming higher lows & higher highs.
2. Price holding well above 200 Day Moving Average.
3. Price broke and closed above and held above the Trend Line Resistance from 6th of January 2021.
4. Decent price action & volume.
5. Good Risk to Reward Ratio.
Buy Trade Setup
Long @ 1.2060
Targets @ 1.2180, 1.2240, 1.2345
Stops @ 1.1966
R/R ratio 1:3