117.57 has proven to be a solid Demand Zone as price has found Support here more that 3time, shown by the purple arrows. As price continues to ascend from the Demand Zone am looking for a buy opportunity to arise hopefully from a replacement. My initial target will be at 118.79 where price has previously found resistance . Then depending on the Bullish Momentum I would expect price to reach 119.91 but early next week. For now i await for the retracemnet before entering this market.
Trade active:
Long Trade entered at price 118.05
Trade closed: stop reached:
Trade didn't go as planned , stop loss reached at 25pips