Description
⋅ H4 double bottom @ demand zone
Comment
⋅ The trade so far is + 10 pips.
Heavy Aud News @ 11:30 pm ET (8 hours from now).
The market can retrace (for about 30-40 pips) to the fresh demand zone in the area of 0.7812-0.7790.
You can take profit now or and reenter with another Buy limit @ 0.7800 with the Same stop loss and take profit.
Comment
⋅ Entry long of 0.7800 active
Trade closed: stop reached
⋅ Comment
⋅ Market went 6 pips below our Stop loss then revered in our direction! Stop loss was too tight :(