Description
⋅ The chart is showing an ending diagonal extension which represents a fractal of an ending diagonal tat had previously broken lower.
Today's accumulation is @ 50% between green dotted & yellow dotted S/R levels, @ 1.0990/1.10. Immediate target @ 1.1170.
Protective hedge @ 1.088. Risk = 120 pts from entry .
~ 2.4% = 240 pts = 20k size
Leave target open due to coming meeting of ECB (Thursday 4 May).
Will attempt to accumulate 70k on daily retractions before then.
Profitable Trading
Summerset