First Like and Follow!
Daily time frame trend line hit with new higher highs. If you look at the 4 hour time frame you see multiple wick rejections on the Daily support level of 1.10800. A double bottom also formed in this price area adding even more confluence in this trade setup. I will be posting another idea for this current pair, if this trade goes through and breaks the double bottom 4 hour structure level. Aggressive entry would be buying around this zone. If you want a more conservative entry wait for the breakout.
Daily time frame trend line hit with new higher highs. If you look at the 4 hour time frame you see multiple wick rejections on the Daily support level of 1.10800. A double bottom also formed in this price area adding even more confluence in this trade setup. I will be posting another idea for this current pair, if this trade goes through and breaks the double bottom 4 hour structure level. Aggressive entry would be buying around this zone. If you want a more conservative entry wait for the breakout.
Trade closed: stop reached:
Trade ended up getting stopped out. That is part of trading now we move to another potential setup.