$GTC | LONG 🟢 | 15m
· Entry: 0.25519
· SL: 0.25057
· TP: 0.26441
Enter now with me 👇👇
· Setup rationale:
· Technical analysis: The price has just bounced from the lowest support area around 0.24500–0.25000 after a sharp decline.
· Structure: A higher low pattern has formed, accompanied by a fairly strong green candle, indicating the start of a recovery phase or a short-term reversal.
· Risk management (R:R): This setup has a very good Risk-to-Reward Ratio (R:R) of around 1:2. The risk (SL) is relatively small (~462 points) compared with the greater profit potential (TP) of ~922 points.
· Target: TP is set at the nearest minor resistance area (0.26441), before the price reaches its previous high.
· Entry: 0.25519
· SL: 0.25057
· TP: 0.26441
Enter now with me 👇👇
· Setup rationale:
· Technical analysis: The price has just bounced from the lowest support area around 0.24500–0.25000 after a sharp decline.
· Structure: A higher low pattern has formed, accompanied by a fairly strong green candle, indicating the start of a recovery phase or a short-term reversal.
· Risk management (R:R): This setup has a very good Risk-to-Reward Ratio (R:R) of around 1:2. The risk (SL) is relatively small (~462 points) compared with the greater profit potential (TP) of ~922 points.
· Target: TP is set at the nearest minor resistance area (0.26441), before the price reaches its previous high.