Strong weekly resistance established so we are looking for at least a 100 to 200 pip push to the downside and further analysis to
see if there will be a larger 300 to 400 pip push down to the next weekly resistance level.
see if there will be a larger 300 to 400 pip push down to the next weekly resistance level.
Trade active:
Very good start to the trade, need to see a strong 100 pip push down next week to lock in profit or go to breakeven. Will be holding for the full 300 pips since previous weekly moves have dropped that much in the past, although max short term runs seem to turn after hitting the 200 pip mark.
Trade active:
Price is breaking through the support resistance cluster to the left so good sign we will see a solid push down in the next 48 hours. Still want to lock in 100 pips before any breakeven. Make sure price is far enough away from the entry area.