Daily timeframe is bullish, while the 4H timeframe is currently showing a pullback. The setup is based on buying the 4H pullback in line with the higher-timeframe bullish trend.
Entry: 1.98430
SL: 1.97068
TP1: 1.99814
TP2: 2.01112
Key point: TP2 is located near a significant Daily resistance, so price may face strong selling pressure around that area.
Trade thesis:
Daily bullish trend → 4H pullback → bullish continuation → TP1 → Daily resistance at TP2.
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