The price is at hourly support zone. A long is favorable here for a target to 2.436. However, there is chance that it breaks this support before bouncing enough from this support and reaching the trade target. In that case a long from 4h support zone 2.24-2.27 will be favorable.
Trade closed: target reached:
So the price reversed from our entry point and reached the target for a 4.3% profit with a risk of 1%. It is now facing some push back from that level. We will re-evaluate it for the next setup.
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