The market had been making higher lows as indicated on the trend support (TL) so the bias has been on taking long trades.
After breaking the 0.901 resistance level we found next resistance at the 0.911 region and have been stuck in between that resistance and the 0.901 region level
Our CTL was broken and due to the indecision candles on the retest a long position was entered with the stop below the lows at the 0.901 area, optimistic about a break of the 0.911 area to create a higher high, have a good one.
After breaking the 0.901 resistance level we found next resistance at the 0.911 region and have been stuck in between that resistance and the 0.901 region level
Our CTL was broken and due to the indecision candles on the retest a long position was entered with the stop below the lows at the 0.901 area, optimistic about a break of the 0.911 area to create a higher high, have a good one.
Comment:
Should the 0.90000 region be taken out I'll be waiting for a bounce off the trend support line. :)
Trade active:
35 pips later, approaching the 0.911 area again, hoping for a break, moving SL to breakeven
Comment:
closing half the position, leaving the other at breakeven
Trade active:
Currently floating in 50 pips, SL at breakeven, hopefully a daily close above 0.911 may happen today...
Trade closed: stop reached:
One half of the position was closed in 75 pips, the other half stopped out at breakeven
