Given the price action inside the downward desending channel in three previous occasions after a strong bull movement across the 4H resistance, I am looking for a price retracement to that same resistance level turned support at 0.9040.
I have set my take profit for 0.9053 and SL jsust above the (unconfirmed at the time of analysis) pivot in the 2H chart, 0.9078
I have set my take profit for 0.9053 and SL jsust above the (unconfirmed at the time of analysis) pivot in the 2H chart, 0.9078
Trade closed: target reached:
And target was reached in less than 30 minutes for some good 15 pips.