Bullish indications:
Trend line support is respected
2nd trend line support is respected.
Resistance is broken.
Higher high and higher lows.
Made a new high and currently at higher low.
Bullish engulfer candle from higher low.
Bearish indications:
Bearish divergence.
Trade plan bias long @ 1.24515
SL:1.23930
TP1:1.25106
TP2:1.25378
Trend line support is respected
2nd trend line support is respected.
Resistance is broken.
Higher high and higher lows.
Made a new high and currently at higher low.
Bullish engulfer candle from higher low.
Bearish indications:
Bearish divergence.
Trade plan bias long @ 1.24515
SL:1.23930
TP1:1.25106
TP2:1.25378
Trade closed manually:
Loss of momentum, not able to make highs. pair seems to be breaking the support and going for new lows.I am planning to sell it either at break even or at the thin loss.