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) --------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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.
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wait for the retest ...
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30 pips from the first retest.
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Move the sl to break even.
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60 pips from the first entry. 20 pips from the second entry.
Trade closed: target reached
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80 Pips from the first entry. There were no setbacks.
Trade active
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We still expect some re-entry. But for now it is possible that there is a setback with the news.
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TP area reached.
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130 pips from the first Entry.We are approaching the second zone.
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150 pips from the first entry. / 100 pips from the second entry.
Trade closed: target reached
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We reach the second zone. 170 pips. There were no setbacks after the entries marked.