We saw a huge push to get back to that resistance zone around 1.08300 followed by consolidation. Common for this pair to ride up and down supports and resistance.
If you look at the four hour chart you will see the break from that wedge trap to a newer low. My sentiment says this will drop back to that new low but I will TP at a strong support/resistance area at 1.07200 and then will look for continuation.
I have been in for a bit as my entry was at 1.08200 at the 3 hr MACD signal cross which was an exact entry. Lets see how this plays out.
If you look at the four hour chart you will see the break from that wedge trap to a newer low. My sentiment says this will drop back to that new low but I will TP at a strong support/resistance area at 1.07200 and then will look for continuation.
I have been in for a bit as my entry was at 1.08200 at the 3 hr MACD signal cross which was an exact entry. Lets see how this plays out.
Order cancelled:
I was able to exit this trade with small profit took TP at 1.07840. i exited the trade because the 1.07800 support proved to be strong. Its a strong retest/pivot point so I waited until the next closest bar to near the retest line which retested at 1.07840 that ended up closing in a green bar. The pair is in a consolidated bull wedge. Im out!
