1 OF 3 Moves may happen here. It may hit and retest the trend line and go on a big bull run. It may pullback on the resistence of the trend line and then short then test the hourly (green) and then short again. It may even retest the trend (blue) short then retest the green and then consolodate along the trend (blue) then either big short or big long. 2nd lot of analysis still not sure I am doing this right but will find out soon enough.
Trade closed: target reached:
The first move I predicted played out. It retested the trend line and the went on a little bull run up to the support line. I placed a trade on this buy at market execution 0.64144-and closed the trade before I wento to sleep at 0.6427. I made £9.74 on 12.6 pips. I could of stayed in until it hit my TP @ 0.64329 and made 18.5 pips. Not bad for a first ever attempt at my own trade.