Need rejection of the level on the 1 hour and the 50 EMA to take the long entry.
R:R 1:3
Watch DXY for extra confirmation the trade will work.
R:R 1:3
Watch DXY for extra confirmation the trade will work.
Trade closed manually:
Hi all, Have closed down manually for plus 2.5%.The trade may well move higher hitting my TP for an extra 0.5 % but i have the lions share now. I happy to forfiet the smaller amount and take profit manually.
Comment:
PLUS 2.5%
Comment:
Lesson learnt here - Confluence factors: Trend line under the lows. 0.618 retracement, 50 EMA, Support at the turning point, DXY moving higher.