1) Bullish impulsive move on a higher time frame followed by a correction move on a higher time frame
2) Double bottom at the end of the bullish correction phase
3) Broken structure with New Higher High
4) Price created new impulse with correction possibly coming off from 61.8% level
5) Price had come back to touch the higher time frame correction trendline
A) I'm going to enter this trade once price breaks the lower time frame zone @1hrs time frame, with a bullish candle
B) TP towards previous High ( 157) pips
C) 40 pips SL.
2) Double bottom at the end of the bullish correction phase
3) Broken structure with New Higher High
4) Price created new impulse with correction possibly coming off from 61.8% level
5) Price had come back to touch the higher time frame correction trendline
A) I'm going to enter this trade once price breaks the lower time frame zone @1hrs time frame, with a bullish candle
B) TP towards previous High ( 157) pips
C) 40 pips SL.
Protecting your equity should be your priority!
Have a great weekend team.
Thank you