Reason: HTF - Daily, reached a solid support and resistance level. We didn't quite get a 3 bar reversal, not helpful due to the overnight trading sessions (UK TIME)
We have pulled back into my trigger zone, my rules confirm a bullish trend has formed on the 240 chart We have a higher high higher close on the 60
This is my final entry for going long on this pair hence the tight stop as it is possible we could be in a complex pull back and continue lower
RIS was oversold on thr 60 in the previous support zone Entry: Market order
Stops: 1 ATR below the low of the outside return Giving us a nice risk reward of 1.7 when target 2 is hit
Targets: Target 1: 1:1 Risk reward Target 2: H4 Highest candle close Target 3: Trail based on structure if we continue higher
As always good luck in the markets, TradeEasy.
Trade closed: target reached
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target 1 was reached, we were then taken out for break even