Based on my analysis, I anticipate price to bounce off the trendline to trade within the ascending channel and head upwards.
I've already entered the trade at 1.06400 right after completion of the retest on the 1H chart.
Risk reward ratio: 1:7.9 (Swing trade)
SL: 1.06147 (-36.2 pip ris)
TP1: 1.07467
TP2: 1.08210
TP3: 1.08816
TP4: 1.09368
Let me know what your thoughts or analysis are on this pair.
I've already entered the trade at 1.06400 right after completion of the retest on the 1H chart.
Risk reward ratio: 1:7.9 (Swing trade)
SL: 1.06147 (-36.2 pip ris)
TP1: 1.07467
TP2: 1.08210
TP3: 1.08816
TP4: 1.09368
Let me know what your thoughts or analysis are on this pair.
Order cancelled:
Got stopped out by the gap opening.
Trade closed: stop reached