i wanted to share with you this simple structure play. If you zoom out or if you give a look at the , you'll see that we are now testing a key structure zone on the daily. Therefore i use to lower a timeframe in order to catch an inversion with nice risk to reward ratio.
This level also lines up pretty well with the and the psychological number of 1,4100.
Plus, we've got divergence and overbought at this time.
The clues are enough for me to take this trade, i'm waiting a pullback in order to get a better risk to reward ratio.
Stop below the lows, targets as illustrated above.
If you want to share your view or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM
If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw