Hey guys,
Today's initial balance (IB) has been broken to the upside and tested. We are seeing some nice bullish activity (pin bars) as a rejection suggesting a bullish move is on its way.
I am targeting Friday's point of control @ 1.49660 and setting a tight stop loss at around @ 1.49100 which is our current VA low.
This trade has a RR of about 4.
Trade at your own risk
Cheers
Jesse
Today's initial balance (IB) has been broken to the upside and tested. We are seeing some nice bullish activity (pin bars) as a rejection suggesting a bullish move is on its way.
I am targeting Friday's point of control @ 1.49660 and setting a tight stop loss at around @ 1.49100 which is our current VA low.
This trade has a RR of about 4.
Trade at your own risk
Cheers
Jesse
Trade closed: target reached