Price is still below the 4-hr t line, and is falling below the 15 minute t line as well. I'm looking for price to make a move toward demand, and get in on this long term trend back above both t lines. I'll exit when I see some divergence accompanied by a break of structure.
Note
Price is clearly coming down now, this is a good sign. I put a buy order in @ 1.0525 I want to take profit close to 1.058 and I used a 35 pip stop because the London open is really volatile. I'm only going to risk about 1% on this trade, because I'd like to be able to get back in long, should the 35 pips not be enough.Trade active
Order filled, I'm in long!Trade active
Looking good hidden divergence on the 5, I'd love to see it on the 15 and the 1HR next Trade active
Hidden divergence now on the 15, things still looking promising.Note
Trade active
Things looking good so far, almost 10 pips up now. I feel good going to sleep. I'll see how this trade went when I wake up.Trade closed manually
took 23 pips. I'm going to wait to see if price breaks the t line or rejectsNote
Really tired. Really wish I lived in Europe...Trading this pair would be so much easier. There's probably more money on the table. I don't think this uptrend is over, but I'm going to take my 23 pips and head to bed.
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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.