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!
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Adding more here at 1.27
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Tapped SL however, no 4 hour open and close below the level. I will still be holding
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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.
Trade closed: stop reached
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Still looks valid to me but based on rules we took the -1R stop loss.