This also aligns with my current trading plan bias of XXX/USD symbols higher with lower USD/XXX symbols (See related idea.)
Two entry points have been established, of which I will enter 2% of account balance on each. The first entry point is obvious, just a break of the high. The second, a strategic entry on a unlikely pullback.
1. Long at .70342
2.Strategically Long at .69779
Stop at .68990. Technically far below uptrend invalidation level.69011, but comfortable due to round number protection.
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TElphee – Self-made Technical Analyst. 5-year market enthusiast with experience in Forex, and Cryptocurrencies.
Disclaimer: FXCM data shown. This is NOT investment advice.