With a channel forming and the wicks becoming more prolific, I am definitely waiting for the recent High to be broken and a retest to happen within the 1.19462 zone. As simple as that. This might be the end of the current downtrend (L,H,LL,LH) and start of an uptrend(H,L,HH,HL). Probably looking to get in with a 15 pip SL and will be trailing my SL till the trend exhausts.
However, you need to be sure that a reversal is occurring so that break and retest of the 1.19462 zone is essential.
God Bless, Run up the percentages!
However, you need to be sure that a reversal is occurring so that break and retest of the 1.19462 zone is essential.
God Bless, Run up the percentages!