Price previously had a difficult time closing above resistance leaving huge wicks near resistance, shortly after price made a swing low and came back up today at the NY session. Creating a wick on the 4-hour chart and rejecting the resistance and the 61.8% Fibonacci level which was followed by a bearish engulfing candle.
Our goal is to ride the way down towards support during the Asian session.
Our goal is to ride the way down towards support during the Asian session.
Comment:
Moved SL to break-even, trade is doing well reached 2/3 of the target.
Will close half of my position if price decides to reverse back above the 50 EMA on the 4-hour chart.
Will close half of my position if price decides to reverse back above the 50 EMA on the 4-hour chart.
Trade closed manually:
Closed manually at 113.605, 54 pips in profit.
Congrats to everyone who caught the move with me.
Congrats to everyone who caught the move with me.
I have moved my SL to above the wick of the bearish engulfing candle.