The consolidation above the support level at around 1.17648 might break to the upside, which would offer the possibility of longing with 3:1 risk/reward ratio, having the TP just below the next resistance line (of the triangle) at 1.34387.
Actual trade:
Bought at 1.22325
TP at 1.32203
SL at 1.19032
risk reward: 3:1
Disclaimer: I am not a professional trader.
Actual trade:
Bought at 1.22325
TP at 1.32203
SL at 1.19032
risk reward: 3:1
Disclaimer: I am not a professional trader.
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