Not expecting much on the upside of this zone but who knows it may challenge the high if it moves up with momentum. Based on recent structure I will be setting a sell stop at the bottom of the zone (pink triangle)...heading to the next psychological level @1.1200.
This Set it and Forget it setup will be managed by my EA moving stops at various increments to lock in profits. Will take another look at this next week if it gets in the lower zone surround 1.1200. Decisions will be made there too!!!
This Set it and Forget it setup will be managed by my EA moving stops at various increments to lock in profits. Will take another look at this next week if it gets in the lower zone surround 1.1200. Decisions will be made there too!!!
Trade active
Trade active:
Stops moved to lock in profit. Nice way to end the week trading the SiFi4X zones. Simple is key. Play to the market psychology. Enter at the break of a zone which is just a horizontal line break and an increment away from the X.0000. I think this will hit the 1.1200 soon.
Trade closed: target reached