Price testing 61.8% retracement at 104.00 in confluence to past price action around the area. Stop loss is tight, 7 pips right below it. Take profit at yesterday's high.
Comment:
Double bottom formed. More indication of an upside from point of entry.
Trade closed: target reached:
Target reached! I still expect further movement up but it may go down before it does so. We shall sit back and observe for a next reentry. For now, let's analyse. With 2% risk and a 1:8 rr, that's a handsome 16% in profit! Happy with this trade haha.