This is an interesting situation because we have a double on the top and on the bottom illustrated by the purple lines. Also we have a retrace to the projection of both doubles illustrated by the rectangles. So how do we choose which way to go? Easy, always go with momentum, which is up! We also have an area of structure supporting us where the blue line is. Every trade has a 50/50 chance but going with momentum has a tendency to put us on the right side of things.
Trade active:
I'll be moving to BE +5 if this trade hits the +20 mark. A positive day is worth it. Not so much concerned about hitting targets, rather than protecting capital and making enough to live off of even if it means taking small wins on some days.
Trade active:
BE at +12 pips now because either it breaks the April 27th pin high or not.
Trade active:
Moved stop to 109.548 because price hit target but didn't fill yet.
Trade closed: target reached:
Target hit, done for the day.