FOREX- Trade
Looking for a long trade counter trend trade, as we can see the fork is pointing down, however, we just saw a rejection after breaking the median line and a bullish engulfing candle closed above the median line, is expected the price to move in that direction at least until the red line 0.6180 line above. that is my target profit. reason is we seen below what price did when reached that area it reversed and moved upwards, so I expect the same behaviour.
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.