I've been in this trade for awhile. I adjusted my SL to red dash line, right below support. This could turn bearish due to strong resistance zone (see below).
1M: Upper portion of range.
1W: Bullish price action. Close to resistance point, but last two completed candles give a green light to go long.
1D: Trend continues. Would like strong close above resistance to justify long position.
4H:
1H:
1M: Upper portion of range.
1W: Bullish price action. Close to resistance point, but last two completed candles give a green light to go long.
1D: Trend continues. Would like strong close above resistance to justify long position.
4H:
1H:
Trade active:
Last night I elected to not close my position and take a 85 pip gain. I should have taken the profit since I was close to my TP and EU is at the top of the range it's been trading. But, I have taken profits early in the past and wanted to stick to my original plan. Hopefully, this is only a pull back and EU will continue higher. I am still on the buy side as long as EU stays above ~1.1380.
I took this opportunity to add to my position.
I took this opportunity to add to my position.