The situation here is as clear as it can be.
We have a Bullish momentum that took price all the way to 1.1472 last week, what we have observed since then is just a normal correction. We have a Higher High and Higher Low, the current retracement in price is another Higher Low of the last Higher High. Price as we know is the best indicator.
Long at:1.1375
Stop at: 1.1355
Target 1:1.1507
Target 2: 11580
We have a Bullish momentum that took price all the way to 1.1472 last week, what we have observed since then is just a normal correction. We have a Higher High and Higher Low, the current retracement in price is another Higher Low of the last Higher High. Price as we know is the best indicator.
Long at:1.1375
Stop at: 1.1355
Target 1:1.1507
Target 2: 11580
Comment:
Price broke below 1.1355, we are still looking to BUY at 1.1375. A lot of Stops will be taken, patience is the key.
Trade active:
Revised Entry: Long at 1.1352
Stop Loss: 1.1330
T1 and T2: Same
Position is live.
Stop Loss: 1.1330
T1 and T2: Same
Position is live.