Bears been pushing down for a while, then combat at 1065ish. Bears broke it a few of times, but bulls fought back, and today appear want to move up out of here.
Initial target is 1188, with 50 pip SL, but depending on how it reacts to that region, may hold more...
For all the enthusiasts that are counter-trend! This thread will probably be for reversal trades, any pair bullish or bearish.
Of course, there can be an overall trend in arrangement with your commerce, but the chart posted needs to show that the circumstance of your commerce is counter-trend. As an example, H4 may show an uptrend, but H1 or time frame shows price on a down-trend. So, you start looking for a bullish reversal on lower time frame or H1. Please post the chart that shows the reversal, i.e. lower time frame entry, together with SL and TP target.
So, whether or not there's a general trend, or even a range in play, charts posted ought to definitely show that the transaction is a reversal. Can be a pattern, i.e. HS, pin bar, engulfing, etc.. Or simple a level and/or range border you input, assuming price will rebound.
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