Took a long here. Lets see where it goes from here. There is a support level down if it breaks down from here. If this fails, will take a long from there.
Comment:
And here is the reasoning why this trade. The price hit the 4h support area 4HS1 and that suggested that there should be a bounce from this support zone. Below that is a daily support zone. In case the price breaks this 4HS1 with or without our coveted bounce, the next support the price will find is daily support zone DS1 around 59300-61500. This zone has a very high probability to push the price up.
Comment:
Booked some profit at level B. Will add to the position as level A and will take some size off again at level C.
Comment:
So as mentioned in the last post, added some size at A and now took some size off again at C.
Comment:
Had freed some size on the level marked as C which I also mentioned in the last post. Will add some size again in case the price comes back to HS1 zone, also marked on the chart. If not, rest of the position will continue its journey towards the target.
