Pay attention to the exact point 3 of the last 4 wicks terminated (inc the very last test) - these are within pips of each other - a good place to place a buy order that can take advantage of a stop hunt against buyers that have already longed this where price is now.
The greater trend is up since price broke out of the range it in in mid May. We could see a continuation to the upside from this point.
The greater trend is up since price broke out of the range it in in mid May. We could see a continuation to the upside from this point.
Comment:
A trade to our entry area has formed
Comment:
Trade played out well, now to wait for the big one
Trade active
Comment:
After further analysis, I have adjusted the targets to the below as I believe we can make one more down because of the downward momentum behind this pair
Trade closed: stop reached