Price is still below the 4-hr t line, and is falling below the 15 minute t line as well. I'm looking for price to make a move toward demand, and get in on this long term trend back above both t lines. I'll exit when I see some divergence accompanied by a break of structure.
Comment:
Price is clearly coming down now, this is a good sign. I put a buy order in @ 1.0525 I want to take profit close to 1.058 and I used a 35 pip stop because the London open is really volatile. I'm only going to risk about 1% on this trade, because I'd like to be able to get back in long, should the 35 pips not be enough.
Trade active:
Order filled, I'm in long!
Trade active:
Looking good hidden divergence on the 5, I'd love to see it on the 15 and the 1HR next
Trade active:
Hidden divergence now on the 15, things still looking promising.
Comment:
Trade active:
Things looking good so far, almost 10 pips up now. I feel good going to sleep. I'll see how this trade went when I wake up.
Trade closed manually:
took 23 pips. I'm going to wait to see if price breaks the t line or rejects
Comment:
Really tired. Really wish I lived in Europe...Trading this pair would be so much easier. There's probably more money on the table. I don't think this uptrend is over, but I'm going to take my 23 pips and head to bed.