It’s sitting on a well-defined SR zone that has held for nearly two years, which gives this area real weight. As long as price continues to hold above 0.90, the structure favors continuation.
I’m expecting a move toward 1.60 as the first objective. That’s the area where it makes sense to take some profits and let the rest run.
Simple setup, clear invalidation, and patience from here.
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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.
