Re-entry Of 1.35000 Break And Re-test
I first took a buy on the retest of 1.35100 on the H4 but got in 5 pips early at 1.35150 so this trade got stopped out.
Now i've taken the same setup but as a retest on H8 and the broken daily range zone at 1.35000, i believe that price will push up to the next daily supply zone @ 1.35650 but this might not happen this week because the monthly candle is closing tomorrow.
I've set TP1@ 1.35200 which is the H4 resistance and TP2 at 1.35340 which is the H1 resistance, i'll be setting this trade at break-even as soon as i get enough breathing room.
Now i've taken the same setup but as a retest on H8 and the broken daily range zone at 1.35000, i believe that price will push up to the next daily supply zone @ 1.35650 but this might not happen this week because the monthly candle is closing tomorrow.
I've set TP1@ 1.35200 which is the H4 resistance and TP2 at 1.35340 which is the H1 resistance, i'll be setting this trade at break-even as soon as i get enough breathing room.
Trade closed manually:
Took a 5 pip loss, i don't like how this setup is playing out.
