After a decent retracement back to a strong support-zone the market traded the pair back up to the descending trendline of the current expanding triangle.
Note that the volume hasn`t followed the move down today which is a sign of less open interest.
Market is back above the Point-Of-Controle heading towards Low-Liquidity-Spots which could easily break.
I`m waiting for a breakout here to get a confirmation!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
As explained on Telegram: Re-entered with alternative Stop-Loss.
UD/USD: Active trade
Please half your position-size as we are at entry-point
Reducing risk down to 0,5% in order to widen the stop-loss as we head into the US-Opening.
As we only have 0,5% in this trade with the current stop-loss I will give the market more space and move stop-loss down to 0,75870 (below key-support and primary Trendline).
Sorry but we need to be a bit flexible in this current market enviroment especially when we can expect volatility.
I know these expiration days and they can be crazily volatile.