After the bullish engulfing pattern, the price experienced a significant drop and formed a daily pivot. Consequently, the price could continue to decline; however, at the 0.8273 level, there are two strong support and demand zones that could lead to a price rejection.
The appeal of this long position lies in its risk-to-reward ratio of 1.5, with a small stop loss of approximately 30 pips.
Keep your trading simple.
The appeal of this long position lies in its risk-to-reward ratio of 1.5, with a small stop loss of approximately 30 pips.
Keep your trading simple.
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