We had very good bullish sentiment and a strong daily candle. This is coming from the backdrop of a very strong support zone (yellow zone) that price interacted with and made a double bottom on the H4,usually a good reversal signal. Price then went parabolic on Friday and we got a beautiful 'W' formation on H4. I expect price to come down and test the neckline before continuing up.
Entry: 2 positions @ 118.510
SL: 117.688
TP1: 120.926
TP2: 121.869
Remember this is the plan but will be determined with how price pull back and rejects our blue zone.If it is not satisfactory will quickly exit.
Risk management is crucial especially position sizing!
Entry: 2 positions @ 118.510
SL: 117.688
TP1: 120.926
TP2: 121.869
Remember this is the plan but will be determined with how price pull back and rejects our blue zone.If it is not satisfactory will quickly exit.
Risk management is crucial especially position sizing!
Trade active:
Lets go. . . in as planned