Asia and London sessions pushed down the monster pair to the 61.8 fib retracement which is the 140.5.
I entered long from 140.53 as I believe this is a strong support area and also showing RSI oversold.
I expect a pullback to the 141.5 then i will short it again to 140 as the last push downwards to the symmetric triangle support (orange line)
Then we'll see what the price action will tell us to do...
I entered long from 140.53 as I believe this is a strong support area and also showing RSI oversold.
I expect a pullback to the 141.5 then i will short it again to 140 as the last push downwards to the symmetric triangle support (orange line)
Then we'll see what the price action will tell us to do...
Trade active:
booked partial profits! Pullback is happening as expected... will re enter long after a PB in 5m chart around 140.8 area
Trade closed: target reached:
The dragon pair did exactly how I predicted! Re enter long at 140.8 and a 5 minute candle finished it all!
TP at 141.45 reached
Let us watch carefully the price action for the next move..
TP at 141.45 reached
Let us watch carefully the price action for the next move..