USDKRW Uptred Movement Potential with RISK:REWARD 1:3

3 thg 4, 2023

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Symbol :USDKRW (US dollar with South Korean WON )

Time frame :30 minutes

What is the analysis/
Break out happened above support line .If We look into the consolidation pattern, we got a symmetrical triangle. Break out happened on the down side, rallied a bit on downtrend, again came for retesting but it couldn't able to go further down side. Instead it crosses the resistance line and also support line with high Buyers volume. So We can go for BUY call.

Buy at 1313 with stop loss 1293 and the target 1366 .
RISK:REWARD 1:3

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NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
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