This is most likely a trade that will develop next week. I was hoping for an intraday move to the support zone and take profits at that time. I might close the majority of my position (for a small gain) and loosen up my SL.
1M: Good move up, but getting into a fairly strong resistance zone (not marked on chart)
1W:
1D; Long wicks on several past candles. Indicates potential top.
1D, those pins look like H&S. On the 4H it much clearer and right shoulder is lower. So I agree & probably a reversal from here.
Also notice there is a gap at the bottom which has to be filled at some point (23/04/17. @1.072)
Thanks for your analysis
Also notice there is a gap at the bottom which has to be filled at some point (23/04/17. @1.072)
Thanks for your analysis