Getting another chance + Potential Cypher
After getting long earlier today in the brown area, looking for a trend continuation setup, I was able to move stop to BE a few minutes before ECB press conference which can make the markets really choppy so I wanted to be on the safe side.
Got kicked out at BE, and was keeping my eyes on this pair to see if I would get a second chance to re-enter or if markets would push lower and break the bull trend on the hourly timeframe.
Just got a H3C candle a few minutes and could re-enter the trade with a slightly better price.
Now let's wait and see.
There is also a Bear Cypher opportunity (in blue) for those of view trading cypher patterns. Won't be able to take the Cypher as my first target on the long is higher (I need my current position to be at BE to take another trade on the same pair, whether it's adding to the current position or the other way)
Got kicked out at BE, and was keeping my eyes on this pair to see if I would get a second chance to re-enter or if markets would push lower and break the bull trend on the hourly timeframe.
Just got a H3C candle a few minutes and could re-enter the trade with a slightly better price.
Now let's wait and see.
There is also a Bear Cypher opportunity (in blue) for those of view trading cypher patterns. Won't be able to take the Cypher as my first target on the long is higher (I need my current position to be at BE to take another trade on the same pair, whether it's adding to the current position or the other way)
Trade closed: target reached:
T1 was hit this morning. Stop moved to BE and trailing stop on T2 (expecting resistance around 1,0760)