Breaking the strong area of 1.1250, this gives us confidence as we know who's in control of the market. (Buyers).
1. Price action staying in the daily trendline gives us validation because Price is obviously capitulating to the resistance of the trendline.
2. 1.12504 Temporary resistance breached wait for minor retracement back to major support level/zone
3. there is no massive resistance above current price until price moves around the 1.1300-1.1350s so the risk/reward ratio is 1:4, which should give a higher probability of the trade working out.
1. Price action staying in the daily trendline gives us validation because Price is obviously capitulating to the resistance of the trendline.
2. 1.12504 Temporary resistance breached wait for minor retracement back to major support level/zone
3. there is no massive resistance above current price until price moves around the 1.1300-1.1350s so the risk/reward ratio is 1:4, which should give a higher probability of the trade working out.
Trade closed manually