long only in the buy zone if their is consolation with three touches
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watch out for consolation in 15 min chart in the buy zone not the one hour. That would be too late to enter
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buyers pushed back above the 0.7752 area. could form wicks or just break the trend line and consolidate for upward pressure
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after the previous 15 min close, its unlikely the pattern will finish.
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you could have easily flicked onto 5 min chart and scalped this
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Perfectly called, one of my trades of the day from many more on private account. For those that say forex is completely random or at least on shorter time frames, i just proved them wrong
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only went a pip against me and the then turned back straight into green zone.
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0300 hours candle showed clear reversal sign, however, 1700 hours candle showed buyers coming back into the market to push the market back to the 0.77760 area. Watch the candles in this zone to see how the price is going to react, showing clear acceptance for past history values
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These types of trades aren't worth trading unless you want to scalp and keep an eye on the market to take profit before market makes large pull backs like the above example