Monthly - 7 year low taken out to form new 10 year lows, before market can continue bearish to 0.62600 region, price needs to accumulate orders long. Bullish pinbar confirms direction
Weekly - First stop for accumulation is 0.74000, market has pulled back slightly providing opportunity to enter long
Daily - 21EMA providing decent support, long positions taken out slightly @ 0.71164
4H - waiting for opportunity to enter on EMA breakout, targets @ 0.722/0.723 range (based on R)
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Weekly - First stop for accumulation is 0.74000, market has pulled back slightly providing opportunity to enter long
Daily - 21EMA providing decent support, long positions taken out slightly @ 0.71164
4H - waiting for opportunity to enter on EMA breakout, targets @ 0.722/0.723 range (based on R)
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Trade active:
Entry @ 0.71396
SL - 0.71150
TP - 0.72213
**To be honest I entered off a EMA crossover on the 1H chart given the circumstances, but I should've waited...maybe it will payoff but still**
SL - 0.71150
TP - 0.72213
**To be honest I entered off a EMA crossover on the 1H chart given the circumstances, but I should've waited...maybe it will payoff but still**
Trade closed: stop reached:
Got stopped out, waiting for push back to the upside for re-entry