Took this trade based on the 4hr structure and the dojis formed in the area. Further to that, the 1hr time frame has broken down into a downtrend and is now awaiting the C leg in the ABCD structure
Trade active:
Experiencing Draw down of 20+pips at this point price may progress to the 70.550 after which the sell can be expected. Lets see what the market gives us
Comment:
The drawdown didn't exceed expectation still in it for the win!!
Comment:
WE ARE IN PROFIT!!!!!!!!!!!!
Comment:
Still In Profit. Risk Management and remember to take partial profit... Still expecting a 100pip move but lets see what the market gives us