Monthly - Price wicking to the downside (market is rejecting 1.7000) round figure.
Weekly - last 3 weeks saw bullish momentum to the upside. Rejecting a Very strong resistance area. (awaiting pull back to collect buy orders).
Daily - Structure break to the upside. Bearish engulfing at the swing high creating new Higher High.
4h - market is shorting towards the trendline and liquidity zone.
will watch for candle movement around the red zone for a possible long entry.
Weekly - last 3 weeks saw bullish momentum to the upside. Rejecting a Very strong resistance area. (awaiting pull back to collect buy orders).
Daily - Structure break to the upside. Bearish engulfing at the swing high creating new Higher High.
4h - market is shorting towards the trendline and liquidity zone.
will watch for candle movement around the red zone for a possible long entry.
Trade active
Comment:
Trailed SL to 10 pips above break even
Comment:
Trailed SL 1.74170 ... to lock in some profits
Comment:
Trailing SL Higher to 1.75030 to lock in 150pips profit incase the market reverses from its current position.
Trade closed manually:
closed out manually at .1.75473... Market is creating a reversal pattern. Rather bank the profits and look for another entry on another day.
Comment:
210pips banked. Not a Bad trade at all.