Currency rate broke up key level 1.1533. On the chart we see that the price bounced 4 times from that key level.
There was a fake broke of that level on H4. I think it is a signal for continue of trend.
The reasons why we should open a LONG entry:
1. The price broke up key level. If the price upper key level it is better to open entry for continue because most of the time currency rate continue its trend.
2. Low and predictable risk.
3. Potential profit in 4 and more times bigger.
Buy near: 1.1550
S/L 1.1513
T/P: 1.1738
T/P2: 1.1620
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