We have seen price rally bullish and we may see price continue after price finishes what i see as a retracement. I have marked the grey line at 50% fib retracement and we see price is also creating bullish divergence.
Grey line - Entry
Red line - SL
Green line - TP
Risk exposure - 1%
Risk to reward - 1:2
Grey line - Entry
Red line - SL
Green line - TP
Risk exposure - 1%
Risk to reward - 1:2
Trade closed: target reached:
As price retraced a little lower than i marked, my take profit was adjusted a little lower at 1.13188 and price achieved this price level.
