$FIL long: 69% of accounts are long, price sits at 1.05 support on the 4H.
If buyers hold 1.05, the bounce runs to 1.07, 1.08, then 1.10. Lose 1.02 and I step aside.
What I'm seeing:
- 4H price 1.05 below EMA50 1.08, so this is a bounce attempt under the trend and the stop matters
- Risk 2.9% to SL vs 4.6% to TP3, about 1.6R if the full move plays out
- 1H RSI 28, momentum has reset with room to bounce
đą LONG · Entry 1.052â1.057 · TP 1.073 / 1.085 / 1.103 · SL 1.024
Does 1.05 hold, or does 1.02 give way?
NFA · DYOR
If buyers hold 1.05, the bounce runs to 1.07, 1.08, then 1.10. Lose 1.02 and I step aside.
What I'm seeing:
- 4H price 1.05 below EMA50 1.08, so this is a bounce attempt under the trend and the stop matters
- Risk 2.9% to SL vs 4.6% to TP3, about 1.6R if the full move plays out
- 1H RSI 28, momentum has reset with room to bounce
đą LONG · Entry 1.052â1.057 · TP 1.073 / 1.085 / 1.103 · SL 1.024
Does 1.05 hold, or does 1.02 give way?
NFA · DYOR