Price currently sitting on the testest trend line and also on the 0.236 Fibonacci line.
1Hr Stochastic showing market has finished the selling activity and is now entering the momentum zone for the buyers.
1Hr 6am Candle indicates a potential continuation of upwards.
Ichimoku Cloud confirms the trend is now bullish.
Entry 1.29350
SL: 1.28884
TP1: 1.30010
TP2: 1.30363
1Hr Stochastic showing market has finished the selling activity and is now entering the momentum zone for the buyers.
1Hr 6am Candle indicates a potential continuation of upwards.
Ichimoku Cloud confirms the trend is now bullish.
Entry 1.29350
SL: 1.28884
TP1: 1.30010
TP2: 1.30363
Comment:
BoE interest rate decision in 10minutes time. I have moved my SL to break even for protection against a bearish reaction to the new rates.
Trade closed: stop reached:
Good move.... I exited the trade with a small profit, but most importantly, no losses!