A lovely long going on here with 1:2.5 RR.
There has been a very neat and tidy 5 wave bear tend that has just come to an end today.
Lovely bullish impulse in progress including a retest and bounce from the trend line. My targets are just shy of the top of the bear wave and correspond with previous strong support from back in November.
Due to the strength of the ...
A tidy little trend line break on the 30 min chart. Lots of fundamental indication of continual bearish pressure. Failure to breach the 16500 area is a secondary confirmation. good RR at 1:2 approx
As a conservative trader ill be taking profit at the most recently broken resistance at 16.126. with TP set to 16130.