Price looks to be respecting trendline from the start of the year
I would look for prices to bounce from the trendline and enter on momentum to the upside.
If prices blast through that minor support area and through the trendline, do not enter and re-assess the situation.
TP are at the nearest H1 zones at .68250 and .68650
SL is .67700
Please note, this is practice analysis for myself.
If there is anything I could improve on, please let me know.
I would look for prices to bounce from the trendline and enter on momentum to the upside.
If prices blast through that minor support area and through the trendline, do not enter and re-assess the situation.
TP are at the nearest H1 zones at .68250 and .68650
SL is .67700
Please note, this is practice analysis for myself.
If there is anything I could improve on, please let me know.
Trade active:
Pending order got hit on the spike. Prices are very close to my SL atm.
Trade closed: stop reached:
Definitely too eager to enter a trade here. Prices hit my stop loss.
For next time, I should be more patient.
For next time, I should be more patient.