Waiting for another breakout (For self learning only) Long
JAPANESE YEN / MALAYSIAN RINGGITICE
Description
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Disclaimer: This is my own trading journal for learning purposes. Some pointers will be appreciated if anyone is interested. Cheers!
Currently it seems like the long bar are stronger in comparison to the short bar, which indicates that it has a stronger upside.
Can enter the market at 0.03248 (0.618 fib), with a stop loss at 0.03222 (0.786 fib).
Profit taking can either be at 0.3343 (1.0 fib) for a safer route or 0.03385 (1.27 fib) for a slightly more greedy taking.