The weekly bar on this pair looks intimidating, like a major shorting opportunity, but we are trading the shorter-term 4H swings so this trade fits in perfectly with a move that should provide a good swing up. The bottom green line showing the -500 mark was the original stop loss but now it has been moved to breakeven plus commission because we are at a R:R of 1:1. The dotted white line is the entry price of 128.849
Trade active:
Structurally, a decision area where both buyers and sellers are confronting each other to see who has more sway. If price breaks through to 129.500, then better chance of reaching target. UTC 1:54am
Trade active:
I reversed on this trade to the downside because there was a lot of confluence to the downside after the strong push down.
Trade active:
Back to the upside
Trade closed manually:
Out for a little profit, didn't get the complete move to upside I was originally looking for, protecting capital and focusing on eurcad trade now.