Dear Colleagues, I suppose that price has formed corrective wave 4 and is starting the impulsive movement of wave 5. I see the first resistance area on the way of wave 5 - the area of 1.10416. This is the area that can affect the price movement.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Note
Dear colleagues, SL has not been reached yet, but I suppose that the target should be moved a bit closer, namely to the area of 38.2% Fibonacci level 1.10000.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.