I"m long after support retest held. Can see the bullish price action off of support. Price is currently at resistance level and needs to push through.
I'm long at 1.16262; SL @ 1.15900 (but may tighten it); TP1 @ 1.16900, TP2 @ 1.17100. I watching price action around 1.16690 area and would consider taking some profits at that point. The TP2 is just below the pinbar seen on the weekly chart (below). That shows a resistance zone around 1.1717 - 1.1734 area.
M:
Last month ended with a bullish pinbar. Shows evidence of a new trend with HH/HL.
W:
Bullish pinbar that is seen on Monthly is not as evident on weekly chart. Instead break down of support and hold of resistance with a bearish pinbar.
D Wideview:
D Zoom:
4H:
1H;
I'm long at 1.16262; SL @ 1.15900 (but may tighten it); TP1 @ 1.16900, TP2 @ 1.17100. I watching price action around 1.16690 area and would consider taking some profits at that point. The TP2 is just below the pinbar seen on the weekly chart (below). That shows a resistance zone around 1.1717 - 1.1734 area.
M:
W:
D Wideview:
D Zoom:
4H:
1H;
Trade closed: stop reached