Looking for a double tap on the 134.4 level with a solid hit and run.
Ideally price will return to the 134.4 and fill some more orders before a run upwards again, given the moves this pair has made during this run I am comfortable trying to buy in this zone for a few reasons....
SL can be nice and tight at this level as it is kind of in no mans land, I feel price wants to run further above the 135 levels and may consolidate above once it arrives.
Obviously this is a risky trade and you should use appropriate stop losses when entering in these zones.
LONG @ 134.4 +-
SL @ 134.24 +-
Ideally price will return to the 134.4 and fill some more orders before a run upwards again, given the moves this pair has made during this run I am comfortable trying to buy in this zone for a few reasons....
SL can be nice and tight at this level as it is kind of in no mans land, I feel price wants to run further above the 135 levels and may consolidate above once it arrives.
Obviously this is a risky trade and you should use appropriate stop losses when entering in these zones.
LONG @ 134.4 +-
SL @ 134.24 +-
Trade active:
INITIAL TARGET AREA 135.05 -135.15, Watch price action bars for confirmation of trend continuation/reversal. Ideally a larger timeframe pullback to 133.29 would be my next downside target. buying 133.29 area with bar confirmation.
Trade active:
Hit the level again nicely, seems to have good liquidity in this region for now, Maybe it does want to push higher before we get that larger retracement.
S/L moved to break even, monitoring trade.
S/L moved to break even, monitoring trade.
Comment:
Trade active: