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Long short $LAB the h1 structure is looking quite nice
Entry (Entry Point): 13,700 => 13,900 (Current price, right on the boundary between the green and red zones of the indicator).
Stop Loss (SL - Cut Loss): 12,500 (Price at the lower edge of the red zone, just below the wick of the last retracement candle).
3 Take Profit (TP) suggestions:
TP 1 (Short-term): 15,194 - 15,466
Reason: This is an intermediate resistance level marked in green on the price axis to the right, also an important technical retracement point from the previous cycle.
TP 2 (Medium-term): 17,000 - 17,500
Reason: The psychological resistance area at a round number and within the old Trading Range (the area with the light pink band on the left).
TP 3 (Maximum target): 19,295
Reason: This is the highest peak of the blue box (the ultimate target for the Long setup on the chart).
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