See yesterday's analysis for how this entry occurred.
Today this trade went live once price broke 1.15 and is likely to close at 1.55 which is a psychological level for the mob, I expect price to exceed this level and move up to 1.563 where my second entry is placed (based on the average open close for Jan being 63 points). Further entries will be decided by the average open close with stops also determined in this fashion.
My target for this trend is to have 5 entries in total and for price to reach 1.18 before reversing in line with the macro weekly down trend.
Stay tuned for more analysis on this trend and leave a comment and a like if this has helped you.
Today this trade went live once price broke 1.15 and is likely to close at 1.55 which is a psychological level for the mob, I expect price to exceed this level and move up to 1.563 where my second entry is placed (based on the average open close for Jan being 63 points). Further entries will be decided by the average open close with stops also determined in this fashion.
My target for this trend is to have 5 entries in total and for price to reach 1.18 before reversing in line with the macro weekly down trend.
Stay tuned for more analysis on this trend and leave a comment and a like if this has helped you.
