Supported by the daily rejection block, we're looking for bullish opportunities because we have cleared the immediate swing high at 158.000. This sentiment indicates a strong bullish market.
Anticipating this corrective movement to reduce further and mitigate the breaker block at 157.350 to activate buyers for a volatile bullish move.
- Entry: 157.350
- Stop Loss: 156.550 (80 pips risk)
- Target: 161.350 (400 pips potential gain)
This trade setup suggests a bullish opportunity with a risk-reward ratio of 1:5.
Anticipating this corrective movement to reduce further and mitigate the breaker block at 157.350 to activate buyers for a volatile bullish move.
- Entry: 157.350
- Stop Loss: 156.550 (80 pips risk)
- Target: 161.350 (400 pips potential gain)
This trade setup suggests a bullish opportunity with a risk-reward ratio of 1:5.
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