Very nice set up which can allow us to get into the trend, given that price is correcting right now on 1hour
After a retest of the zone indicated we have several confirmations that we can enter price at that level.
Both take profit points are of minimum risk reward 1:3 and 1:7 which we cannot refuse :)
If alternatively price breaks out of the zone indicated we can then look for buys which will also be a good opportunity to the upside!
After a retest of the zone indicated we have several confirmations that we can enter price at that level.
Both take profit points are of minimum risk reward 1:3 and 1:7 which we cannot refuse :)
If alternatively price breaks out of the zone indicated we can then look for buys which will also be a good opportunity to the upside!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.