Monitor for a false break on the 1hr and 4hr time-frame. I will update chart once the false break happens.
Currently, 1hr time-frame is bullish as well as the 4hr, but there is a bearish divergence forming on 4hr.
So how do we take this trade?
We need a break above 1.185 and a 4hr candle closing right after below 1.185. Enter as soon as this happens.
If you get in the trade, expect a reaction at 1.18 but ignore it. It is not an important support. It may look like you will get closed out, but target 1.172
I will update stop loss once the false break happens on Monday, but entry will definitely be at 1.185
If you like the idea, give this chart a thumbs up. If not, let me know what you think so I can learn from you as well.
Thank you and good luck
Currently, 1hr time-frame is bullish as well as the 4hr, but there is a bearish divergence forming on 4hr.
So how do we take this trade?
We need a break above 1.185 and a 4hr candle closing right after below 1.185. Enter as soon as this happens.
If you get in the trade, expect a reaction at 1.18 but ignore it. It is not an important support. It may look like you will get closed out, but target 1.172
I will update stop loss once the false break happens on Monday, but entry will definitely be at 1.185
If you like the idea, give this chart a thumbs up. If not, let me know what you think so I can learn from you as well.
Thank you and good luck
Trade active
Trade closed: stop reached