Price created a falling wedge and eventually broke out of it. Price then created a key support level on the 5min timeframe and so I entered a long position on this pair. Risk/Reward is 1:3 with a 20 pip stop and a 55 pip target profit.
Trade closed: target reached
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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.