H4 double bottom @ demand zone
Note
The trade so far is + 10 pips.Heavy Aud News @ 11:30 pm ET (8 hours from now).
The market can retrace (for about 30-40 pips) to the fresh demand zone in the area of 0.7812-0.7790.
You can take profit now or and reenter with another Buy limit @ 0.7800 with the Same stop loss and take profit.
Note
Entry long of 0.7800 activeTrade closed: stop reached
Note
Market went 6 pips below our Stop loss then revered in our direction! Stop loss was too tight :(
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.