I will let the chart depict itself. Good luck !
Trade active:
Market long @ 1.29097
Stop: 1.27711
Profit Target 1: 1.33877
Profit target 2: 1.36000
Profit target 3: 1.37992
Stop: 1.27711
Profit Target 1: 1.33877
Profit target 2: 1.36000
Profit target 3: 1.37992
Comment:
If price moves in my favor, i will be looking to add another position 1.26670 level only if breaks and closes above it.
Trade active:
Stopped out in 2 position trailing stops. captured 118 pips.
Added another position at 1.30000.
Added another position at 1.30000.
Comment:
Why i added another position @ 1.30000. Refer to 4 hour chart i posted below, the absorption area, the area where i believe the smart money was pairing others. Notice how price moved lower ran stops on previous days lower. I was waiting for price to break above the previous days low( pivot) to buy at market.
Price pauses for the 2 days at previous area of support, runs lower runs stops on weak longs and moves higher.
Price pauses for the 2 days at previous area of support, runs lower runs stops on weak longs and moves higher.