On the 1HR, price was in a downtrend and passed TP2 -61.8 on the 1Hr fib. Price consolidated a bit on the monthly key level as it started an uptrend. There was divergence showing on the last push of the downtrend indicating a buy was possibly coming. Now in an uptrend, price has pulled back to 61.8 on minor structure fib.
I am looking for price to break and retest the 1HR trendline from the down trend and respect the 1Hr uptrend. I am looking to see if it will push up to at least TP1 -27 which is on a weekly key level AND in a previous support/resistance zone
I am looking for price to break and retest the 1HR trendline from the down trend and respect the 1Hr uptrend. I am looking to see if it will push up to at least TP1 -27 which is on a weekly key level AND in a previous support/resistance zone
Trade closed manually:
I closed out of this trade at 1750. Good enough to grab ~250 pips
Trade closed: target reached