Took before Rate decision news, however the 1H chart and made a significant HL confirming that the 4H pullback was over.
Was waiting for the 4H to pullback to support and FIB levels.
A HL on the 4H then confirms the daily Run is in progress.
A Daily HL confirming the weekly bullish view.
Missed first entry March 09 (Not an entry signal and playing the breakout)
Waiting for pullback for a quick 1:1 momentum play while holding the longer term trade to 1.0799 - 5%
Was waiting for the 4H to pullback to support and FIB levels.
A HL on the 4H then confirms the daily Run is in progress.
A Daily HL confirming the weekly bullish view.
Missed first entry March 09 (Not an entry signal and playing the breakout)
Waiting for pullback for a quick 1:1 momentum play while holding the longer term trade to 1.0799 - 5%
Trade closed: target reached:
Worked out well, out before 1.08 reached where a reversal is possible.
A little more risk as this was taken before a major news event however the technicals were clear and the RR was there.
A little more risk as this was taken before a major news event however the technicals were clear and the RR was there.