This pair has been bullish breaking and closing above previous structure levels! I would look for a pull back into previous structure where we also have a 0.5 Fib Retracement!
I like this opportunity for two reasons :
1) Not too much risk 2) A clear level to look for profits (Next major level of structure)
There is also harmonic legs completing at that next major level, so i would expect to see that 0.7600
If we do get a pull back I will drop down to the 60 min to look for an entry method! If we get one I will post the idea for you guys!
Hit that like button, share and comment away! Very much appreciated!
Ric
Smart Trading FX
Trade closed: target reached
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Comments
amit.sondhi2
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Hi i like your style of explaining trade.
SmartTradingFX
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Thank you! Your kind words mean alot!
Ric
I_see_BTC
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This looks really promising. We might have an entry here soon.
SmartTradingFX
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I believe so! As I mentioned in the comment section I liked this setup for the two reasons! We now have that pullback into the zone so we will see if we can get an entry on it! Thanks for the comment it's very much appreciated!
Ric
I_see_BTC
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Did you see this post referencing the weekly time-frame? Certainly adding to my confidence :-)
SmartTradingFX
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I didnt no! Nice break above structure there! Thanks for sharing!