Entry: 80. 152
Stop: Above Resistance
First Support Area: 78.751
Target: 76.479
Break even when price breaks through first support area .
Pin Bar on 2 day chart timeframe.
Stop: Above Resistance
First Support Area: 78.751
Target: 76.479
Break even when price breaks through first support area .
Pin Bar on 2 day chart timeframe.
Order cancelled:
This trade has been cancelled as the high of the pin bar was broken. Not being entered into a trade is better than losing a trade :)
@danrindia, I believe it could be the AUD and JPY news causing the rise of the pair. The signal remains valid unless the high of the pin bar on the 2 day timeframe is broken. I have purposely put the entry 5-10pips below to avoid falsely being triggered in and the price going the opposite direction. I shall update whether entry has been hit or trade has been cancelled.
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@danrindia, Yeah, I won't be taking this trade. Keep in tune for more including continuation and reversal trades :)
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If the high of the pin bar is broken, this trade will be cancelled. At the current moment the trade is still valid.