Green/Red lines - h1 exhaustion trading levels for the daily C point
Magenta lines - m15 exhaustion trading levels for low time-frame reactions
Our h1 expected turning point is 0.7470.
We've kept on the chart the arrow for our continuation play that failed - just a reminder there's no 100% in trading.
If you follow us in the forex chat room here, we just took the long reaction from 0.7501 to 0.7514 partial tp - that is not however the big one we're after.
We expect h1 signals to form after the 0.7470 test sometime in the next 24 hours. Our expected movement is to 0.7750 with target area 2 at 0.7900.
m15 extreme candle
"blind" long continuation position
"blind" long continuation position 2
profit point for long continuation positions
close short continuation position 1
only a small fraction of larger tf long positions should be kept here
this 30 pip movement is not enough for tp given the RR requirements
short tp area starts around 7600
There was an 8 pip loss yesterday on the 1st m1 attempt at this continuation
reduced size, "blind" continuation pos (7635)