This is an interesting one! the pair hit the resistance at 85.00 and then started its short wave but around the mid point of the trend coloum it seems to have retracted with a strong reversal pip on the 4H time line. The STOC shows the buyers starting to take over as a crossover has appeared as aswell as a strong buy signal on the 1 hour timeline. the moving averages have crossed over and are looking towards a long position. Im entering after i receive a strong indication of the reversal taking place. TP and SL could be set in a 3:1 ratio for those juicy pip profits. My TP is set at 85.00.
READY FOR THE JUICY PROFITS HERE!!!!!!
READY FOR THE JUICY PROFITS HERE!!!!!!
Comment:
MOVING AVERAGES IN THE PROCESS OF MOVING*
Trade closed manually:
discovered a new resistance trend line, so closed the position with a 200 pip movement. A decent short term trade this was. Will be monitoring for any future updates of a continuation or reversal!