Chart says it all, just waiting for the market to go to any of two areas.
After it touches I am looking for an engulfing candle on 4h chart.
Stops go above or below previous (before engulfing) candle wig.
113460 is a good place to take profits from the first trade since this area worked great as a resistance.
We have an engulfing bearish candle on 4h chart on daily support and resistance zone.
~70% chance of going down.
FIrst target to the last price action zone
Keep the second trade as long as you get englufing bullish on 4h chart
We broke the previous resistance zone and now it becomes support.
It can come back to retest the zone, so stops should be below that zone.
Fist target - 1:1 risk reward, or the resistance zone 1,52370 which gives risk reward 2:1
Once first target taken the stop of second trade goes to break-even and we keep the ...