Primary Trade Setup.
The price is reaching an important area. Daily trend line with a prolonged uptrend. If the price wants to go higher this is a good area to take a break. We attend the fibonacci zones.
We expect retests in areas below previous highs. (Ceilings, floors)
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Secondary Trade setup:
If the price consolidates and decides to break up we hope that the price shows interest in staying above 85.0 and make a retest in the area to confirm continuation of the upward trend.
The price is reaching an important area. Daily trend line with a prolonged uptrend. If the price wants to go higher this is a good area to take a break. We attend the fibonacci zones.
We expect retests in areas below previous highs. (Ceilings, floors)
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Secondary Trade setup:
If the price consolidates and decides to break up we hope that the price shows interest in staying above 85.0 and make a retest in the area to confirm continuation of the upward trend.
Comment:
wait for the retest ...
Comment:
30 pips from the first retest.
Comment:
Move the sl to break even.
Comment:
60 pips from the first entry. 20 pips from the second entry.
Trade closed: target reached:
80 Pips from the first entry. There were no setbacks.
Trade active:
We still expect some re-entry. But for now it is possible that there is a setback with the news.
Comment:
TP area reached.
Comment:
130 pips from the first Entry.We are approaching the second zone.
Comment:
150 pips from the first entry. / 100 pips from the second entry.
Trade closed: target reached:
We reach the second zone. 170 pips. There were no setbacks after the entries marked.