Long on a potential bullish setup + TL confluence w/ divergence that is already formed. Stops just below the patterns X point that could be around 200 pips, with TP 1 for 400 pips. This will give us a good RRR of 1:2. We could enter on a power time frame for a tight and logical stop loss for a better entry and risk reward ratio prior from the setups TP. Is 11,000 points profits (TP 1 and 2 combined) possible? We will see. On the side any candle (HTF) LLLC below the trendline could be a reason for us to look for a short/sell trade opportunity. Trade at your own risk and care. Good luck!
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TAKE NOTE THAT 1.93 IS A GOOD PSYCHOLOGICAL NUMBER THAT COULD BE AT PLAY.
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Invalid setup. Ill be eyeing to short/sell this market.