Highlights and key points
Main scenario: once a correction forms, consider short positions below the level of 0.8750 with a bearish target of 0.8200 – 0.8000. A sell signal: after the price returns below 0.8750. Stop Loss: above 0.8780, Take Profit: 0.8200 – 0.8000.
Alternative scenario: breakout and consolidation above the level of 0.8750 will allow the pair to continue rising to the levels of 0.9044 – 0.9226. A buy signal: after the level of 0.8750 is broken to the upside. Stop Loss: below 0.8720, Take Profit: 0.9044 – 0.9226.
Main scenario
Consider short positions on corrections below the level… Read full author’s opinion and review in blog of #LiteFinance
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