On our 4h timeframe we have ourselves a downtrend with a mini resistance that held at 2033 represented by my horizontal trendline, market reacting to this area 3 times and moving away. If 2033 does not hold on the 4h this trade idea will be invalidated. If the trade idea goes according to plan, I want to see 1997 area being met. Patience and risk management is vital. Happy trading :)
Comment:
We have reached 60% of our initial target on this setup before the trade setup being invalidated. Key fundamentals playing a role in the volatility we are seeing. Overall walked away positive with this setup despite the favorable target not being met.