Either a short down to 36ema (1.40) level as TP 1 as a pullback and retest of the supply zone we are currently at, trying to break through 1.42 level afterwards,
OR a bigger pullback down to TP2 (at this point, either a deeper pullback to retest the highs later OR a reversal, the former is more likely).
The two arrows represent scenarios to look out for.
TP1 is safer, and worth taking most of the position on.
TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
OR a bigger pullback down to TP2 (at this point, either a deeper pullback to retest the highs later OR a reversal, the former is more likely).
The two arrows represent scenarios to look out for.
TP1 is safer, and worth taking most of the position on.
TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
Trade closed: target reached:
Went well!
Comment:
400+ pip profit.