Market is oversold in a larger bull trend.
We are looking to take this long swing for the next 1 to 2 weeks or so.
Entry: 1.2785
Stop loss: 1.2667 (4 hour candle must open and close below this level) we will be adding to position if it does not invalidate the trade.
Take Profit: 1.29 -1:1 RR
Take Profit 2: 1.3033 1:2 RR
Take Profit 3: 1.3192 1:3 RR
As always we will keep this trade updated on this tread!
Let's keep the pips coming!
We are looking to take this long swing for the next 1 to 2 weeks or so.
Entry: 1.2785
Stop loss: 1.2667 (4 hour candle must open and close below this level) we will be adding to position if it does not invalidate the trade.
Take Profit: 1.29 -1:1 RR
Take Profit 2: 1.3033 1:2 RR
Take Profit 3: 1.3192 1:3 RR
As always we will keep this trade updated on this tread!
Let's keep the pips coming!
Comment:
Adding more here at 1.27
Comment:
Tapped SL however, no 4 hour open and close below the level.
I will still be holding
I will still be holding
Comment:
Consolidating before the move up potentially.
I did expect the move to happen already though, so keeping an eye on the stop loss break and close on the 4 hr.
I did expect the move to happen already though, so keeping an eye on the stop loss break and close on the 4 hr.
Trade closed: stop reached:
Still looks valid to me but based on rules we took the -1R stop loss.