$ALLO
ALLO
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Trade Setup: Long (Bullish Continuation)
Since the trend is clearly up, looking for a "Long" on a slight dip is generally safer than shorting a parabolic move.
Entry Zone: 0.1130 – 0.1150 (Wait for a small pullback to the MA(7) area for a better risk-to-reward ratio).
Take Profit 1: 0.1250 (Psychological resistance).
Take Profit 2: 0.1320 (Next major liquidity zone).
Stop Loss: 0.1080 (Below the MA(25) and previous support).
Alternative: Short (Risky Counter-Trend)
Only consider a "Short" if you see a rejection at the 0.1200 level with a bearish engulfing candle on a lower timeframe (like 15m).
Entry: 0.1195 – 0.1205
Target: 0.1110 (Revisit of the MA lines).
Stop Loss: 0.1235