The Head & Shoulders (purple line) pattern did not form but the 1hr chart is holding steady on the trend line to reach next zone @ the Fib 618 to test the 1.1400 zone.
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I will be placing Buy Limit Order @ 1.1285 if it closes above 1.1300 but I don't expect it to trigger until early London session to get some traders trapped going short. Then it will trend to its target @ 1.1400.
تعليق:
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Went to lunch and my limit order was triggered, wasn't expecting that until London session. Thankfully I had my TP @ 1.1310 instead of 1.1410. The first typo I'm proud of. The markets are all going nuts today, so I'm done for today.
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Entry @1.1330 and now moved my TP to 1.1450
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Taking advantage of the fib retacement uptrend then will wait and see how price reacts to 1.1450 level before short order to continue the daily down trend.
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It's friday and closed trade at lunch time @ 1.1417, nice little profit of 67 pips. I posted earlier entry @ 1.1330 but didn't enter till 1.1344, 14 pips later. Now will be looking to short on Monday when price goes to the 1.1430-1.1450 zone. Then we should see down trend continue and break the year low again @1.1215