We have seen price rally bullish and we may see price continue after price finishes what i see as a retracement. I have marked the grey line at 50% fib retracement and we see price is also creating bullish divergence.
Grey line - Entry Red line - SL Green line - TP Risk exposure - 1% Risk to reward - 1:2
Trade closed: target reached
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As price retraced a little lower than i marked, my take profit was adjusted a little lower at 1.13188 and price achieved this price level.