It might be a good area to buy at the moment, however Timing stop + Securing stop is a must.
I have entered Lond as a try, SL below 1.1135 1st TP= 1.1185
I use timing stop if 15 min closed below 1.116
Good luck in trading!!!
Look for details on chart.
Sincerely
ArJe
In case of the reversal pattern appearance will go up, back to 1.15 at least.
Will be looking for reversal signals on 30m, 1H chart
Any questions - welcome!!!
Thank You for likes and comments!!!
UPDATE: the pair moved differently of the forecast and did not trigged the entry position.
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My approach is quite conservative for this pair. An ABC pattern already happened (abc in orange) but I am looking for a bigger ABC flat before the uptrend continuation.
Confluences:
1/ With the trend
2/ Retest with pin bar showing us deceleration
3/ MACD bullish divergence
4/ TL bounce
5/ 61.8% fib bounce
6/ Bounce of the 1.95 level which is a weekly level
