Review: After Wednesday's up move, price stuck in a 40 pips range for 2 days. Friday, price did close near the high of the day. This likely set the stage for next week.
Trade: Managed to build entries around 1.1240+, carried it over weekend as I still hold the view that EUR should move towards 1.1300, 1.1400.
Plan: As price moves into the green zone, I would continue to build the size and target 1.1370 and 1.1400 (last high) before looking at 1.1450
I have been anticipating the trend change since the double bottom. There have been 2 good moves (Green solid line) and 2 deep retracements (Green dotted line), both tested 1.1200. A strong push above 1.1315 and eventual break of 1.1450 would confirm the trend change (until something else happens)
Closed off entries above 1.1250 (small losses), remaining protected to see if price would resume to the upper end of the consolidation and eventually break above
mine are up in the 1.145s