The setup is on a 60min chart with entry $2.39, initial stop $2.326 and target $2.462. If it can reach our target, it will be a 112% reward risk ratio. Below is the chart:
The entry is setup to clear major resistance as seen on the daily chart:
In this opportunity, we have set a target instead of a preserve mode because we are getting into a major resistance on the monthly, which is the monthly Kijun-Sen. Below is the chart:
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