Break and Retest of 136.000
Updated
Yesterday closed bearish after price tapped 136.270.
Price made it's support around 135.400.
Today on the daily, price pushed up to retest 136.000 which was a broken level from yesterday.
My idea,
Yesterday confirmed a bearish run.
Today, i got an M30 & H1 candle confirms indicating a possible down move.
I've set my sights on taking profits in two target levels (1) @135.400, (2) 135.000 which might be the weekly low.
Price made it's support around 135.400.
Today on the daily, price pushed up to retest 136.000 which was a broken level from yesterday.
My idea,
Yesterday confirmed a bearish run.
Today, i got an M30 & H1 candle confirms indicating a possible down move.
I've set my sights on taking profits in two target levels (1) @135.400, (2) 135.000 which might be the weekly low.
Trade closed: stop reached
I had set my SL to +2 above B.E so price wicked me out.Note
I took a re-entry @ 135.968, with a 12 pip SL and 56 Pip TP @ 135.400. I might have to take TP earlier if price starts stalling.Trade closed manually
Profit target 2 (135.050) was missed by 5 pips.I finally got to close my trades @135.260 after i got a 1 hour price stall.
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