Gonna be pretty simple this week as I'll have the same scenario on my radar for this pair this week.
After move down since this morning (T1 hit on short for +33 pips and trailed stop at +24 pips price about halfway through T2), price is now at weekly support/resistance level and will see what it does here : if break down I'll add up to my position if providing with a valid signal (otherwise I'll simply trail stop on my current position to T2); if it rebounds and continues up, I'll be looking to buy on valid signals.
Have a great week in the market folks!
After move down since this morning (T1 hit on short for +33 pips and trailed stop at +24 pips price about halfway through T2), price is now at weekly support/resistance level and will see what it does here : if break down I'll add up to my position if providing with a valid signal (otherwise I'll simply trail stop on my current position to T2); if it rebounds and continues up, I'll be looking to buy on valid signals.
Have a great week in the market folks!
