We are going towards the orange line on the higher TF (Used as a reference point), and we will most likely make a small move up (to the entry area). It is crucial to compound the move downwards if in fact it does go where we want it to go.
There is a news event in 15 minutes, so my presumption is that it will hit my entry level.
There is a news event in 15 minutes, so my presumption is that it will hit my entry level.
Comment:
Entry level hit
Comment:
Adjusting SL as we make a move down, price is holding nicely so far.
Comment:
I will adjust SL - US market opening in 30 minutes we will see a bit more volatility. Currently up 20 pips.
Comment:
SL has been adjusted to break even, at this point any proper up move that fits the criteria will be compounded to the orange level (TP).