Set up: Price just broke above a daily level of resistance (green rectangle) in a bullish impulse to the upside. On H4 it's beginning to form a little uptrend. Prices should now retest the resistance now turned support which we'll use for our long entry on this set up.
Trade: Entry at the R/S (green area) with the SL not far from the previous low to allow for the expected volatility due to fundamentals.
First TP is set a few pips shy of the weekly high, second TP is all the way to December close.
Trade: Entry at the R/S (green area) with the SL not far from the previous low to allow for the expected volatility due to fundamentals.
First TP is set a few pips shy of the weekly high, second TP is all the way to December close.
Order cancelled:
Trade was never triggered due to the historic market volatility and prices shot right up in the predicted direction