Price heading to 1.25000 for a retest
Price hit resistance and started to push back down while forming subtle Lhs on it's way down.
I saw price push back up so a retest trade was possible around 1.25430, i took a couple of early trades which i had to close for a small loss.
Once i had gotten a good entry that i was satisfied with, i set my SL just above the daily high if i was wrong i would know that the momentum had shifted to bullish.
Price went my way but i closed a few pips above Tp because it was Friday and anything could have happened since time was nearing 1700hrs GMT+2 London close which usually turns GBP pairs bullish.
I saw price push back up so a retest trade was possible around 1.25430, i took a couple of early trades which i had to close for a small loss.
Once i had gotten a good entry that i was satisfied with, i set my SL just above the daily high if i was wrong i would know that the momentum had shifted to bullish.
Price went my way but i closed a few pips above Tp because it was Friday and anything could have happened since time was nearing 1700hrs GMT+2 London close which usually turns GBP pairs bullish.
Trade closed manually
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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.