Dear Friend
The candlesticks are weak during the weekly period, and with the current situation, if the candlestick closes in the same way, I expect to return to the support and stabilization area in this zone, and then return and climb to the upper areas.
Resistance: 12.5 - 13
Support: 10.20 9.4
But it is still too early to make a final decision and we have to...
Price is below the Daily, 60 as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries: (understand it is one or the other, not both)
1st Entry = 1.8343
Stop = 1.8363
Risk = 20 pips
Profit target = 1.8262 ( The projected daily low )
Reward = 81
RRR = 4-1
2nd Entry = 1.8308
Stop 1.8338
Profit target = 1.8218
Reward =...
Long Breakout Setup on the 4Hr chart. Looking to reach the second TP level at .896, Expecting a minor reaction at first TP level.
Wait for the breakout to trigger and use the green dots as trailing stop.
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Bullish Breakout trade on the 4 Hr chart triggered. Looking at the next MTF level to take profit, at 85.58.
As always, use the green dots as trailing stop and look out for overextension signals from the indicator
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