H4 - Duplication of the first bullish wave up expected. Pair is trading inside a triangle and it is at the top of it.
We are after buys and there are two scenarios to follow.
Scenario 1 - Break above 0.74, followed by corrections and we can look for buys.
Scenario 2 - We can start looking for buys if the price creates another wave down towards the bottom of the triangle,
Note - This scenario is valid until 0.7270 holds.
Note 2 - The risk reward ratio for the second Scenario would be fantastic, that's why you may use half of the usual risk you take
or even less (example - if you usually risk 1% per trade, on this setup you may use 0.5% or less).
We are after buys and there are two scenarios to follow.
Scenario 1 - Break above 0.74, followed by corrections and we can look for buys.
Scenario 2 - We can start looking for buys if the price creates another wave down towards the bottom of the triangle,
Note - This scenario is valid until 0.7270 holds.
Note 2 - The risk reward ratio for the second Scenario would be fantastic, that's why you may use half of the usual risk you take
or even less (example - if you usually risk 1% per trade, on this setup you may use 0.5% or less).
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.