Reasons : 1. Buying power is still strong with the aid of candlestick that showed. 2. Just broke out of the ranging box. Am expecting the price to bounce from the yellow box to the upside. 3. Chart pattern is forming a bullish channel, so im setting my buy limits at the bam of the trendline and wait for pullbacks to enter :D 4. Am expecting my fibo levels 38.2% or even 50% will be met and hence bounce back towards the upside.
Trade safe all, and get ur buy limits ready! :D
Comment
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30pips away from my buy limit! Be patient all, or Wait for the market to give a reversal signal. :D
Trade closed manually
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Closed this trade manually when I had about + 240 pips. Hope you all enjoyed the analysis! =D