Market structure: Range
Setup: Trend Continuation
Currently market is some how in a range, Price start to create new higher low from daily S/R consolidating around 0.87200 - 0.86740, to go long when price create a new higher high which is around 0.87340.
Having 2 take profit in mind:
1st take profit is 8 hours time frame previous support turn resistance
2nd take profit is daily time frame resistance
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Setup: Trend Continuation
Currently market is some how in a range, Price start to create new higher low from daily S/R consolidating around 0.87200 - 0.86740, to go long when price create a new higher high which is around 0.87340.
Having 2 take profit in mind:
1st take profit is 8 hours time frame previous support turn resistance
2nd take profit is daily time frame resistance
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Comment:
price hit stop loss
Trade closed: stop reached