Really liking the look of this going long. No entry as of yet as waiting for the London session to commence.
Daily candle from yesterday is suggesting long to continue with the trend.
4H chart is testing some fib lines now but 5&20 averages have doubled up giving a nice long signal.
Will update on entry come the morning and see how it goes.
Daily candle from yesterday is suggesting long to continue with the trend.
4H chart is testing some fib lines now but 5&20 averages have doubled up giving a nice long signal.
Will update on entry come the morning and see how it goes.
Trade active:
Price has kept in line with 382 fib on its closing. I think we will see .5 level tested. I have entered the trade at 1.2549.
SL - 1.2520, tight stop loss I know but bypassing this price I think will mean a continuation to the downside.
No TP set as will be keeping an eye on this. Potential big bullish move.
SL - 1.2520, tight stop loss I know but bypassing this price I think will mean a continuation to the downside.
No TP set as will be keeping an eye on this. Potential big bullish move.
SL set to 122.00 not 1.2520. Same principles apply though. Prices stated on previous comment are for GBPUSD.