long EURUSD
on the daily price printed a bullish maribozu candle stick that stopped at a significant level so I waited for price to retrace on the 4 hour. price retraced to one of the predicted levels (The green dotted line) and then made a higher high on the 4 hour and the one hour. On the 15 minute time frame price was looking over extended so I waited for price to make a small retracement and show signs of reversal again.
reasons for entry:
daily- Maribozu at a significant level (lots of momentum as it approached the level)
4 hour- bullish engulfing at previous tested high and higher high
1 hour- same
15 minute- small retracement and doji followed by a bullish candlestick
TP at 1.23 and partial take profits first at 1.2250 and the second at 1.2273 (The red dotted lines)
when price hits these partial take profits I will be looking to enter again to bring my position back to the size I started at once price confirms it will continue up
reasons for entry:
daily- Maribozu at a significant level (lots of momentum as it approached the level)
4 hour- bullish engulfing at previous tested high and higher high
1 hour- same
15 minute- small retracement and doji followed by a bullish candlestick
TP at 1.23 and partial take profits first at 1.2250 and the second at 1.2273 (The red dotted lines)
when price hits these partial take profits I will be looking to enter again to bring my position back to the size I started at once price confirms it will continue up
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