Last week we have seen the recent lower timeframe (H1, H4) resistance broken, and we are awaiting for price to build a flag/ pennant pattern in that timeframe to confirm long opportunity. Price also has arrived to daily’s bottom, making it a potential double bottom setup on D1 timeframe.
This setup would have RRR 2:1 for TP1 and 3.5:1 for TP2.
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