Take Profit on Market Uptrend
Overall on the Bigger time frame I saw the Market Is on a uptrend ( GBP/USD ). I them checked RSI to confirm diversion ( 1hr ) , then drew the support lines.
Then Zoom in closer on the 1hr, them 15min drawing more zoomed in support lines. Then applied the Fibs ( 1hr ), looking for price to reverse on the major PRZ (.50/.618 zone ) , Fib PRZ's was so happened to be where the MAJOR support line were drawn ( perfect ).
I waited for price to reverse off resistance to continue the uptrend to create another HH, then applied my risk management ratio, then entered the market for a BUY.
( 400 mpips total ). I'm pleased...
Then Zoom in closer on the 1hr, them 15min drawing more zoomed in support lines. Then applied the Fibs ( 1hr ), looking for price to reverse on the major PRZ (.50/.618 zone ) , Fib PRZ's was so happened to be where the MAJOR support line were drawn ( perfect ).
I waited for price to reverse off resistance to continue the uptrend to create another HH, then applied my risk management ratio, then entered the market for a BUY.
( 400 mpips total ). I'm pleased...
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