*NOTE* An entry is not expected until early next week.
Please note the following rules below for entry:
The holding as support (1.12100)
momentum to the upside
Enter on momentum breaking out above the 1.2250 level
Profit whatever you can get, but the 1.2900 level might be a good target
Stops at around 1.12000
This trade will lose its potential if first rule becomes no longer applicable. For example if more momentum enters into the market and we see price action move substantially below the (1.12100).
You will find that my style of trading often holds a greater risk than reward, however the potential of price action moving in the favor of my position where profit can be liquidated and banked before price action moves against me is very high when the rules are followed.
If you find yourself liking my style of trading please feel free to follow me as I will post potential trades like this rather frequently.