Re-test of 1.34500 on H4
My weekly buy entry was stopped out because i got in way too early before the market dropped into the H4 re-test zone, as i stated earlier, i knew there was a possibility that i could get stopped out but a setup is a setup and my rules say to follow it as long as every condition is verified.
Now that price has popped into the H4 demand zone, i'm anticipating a bounce back up if this zone doesn't break but if it does then price will be heading towards 1.34000 which is a premium demand zone. Any break further down will destroy the bullish momentum that had build up in the past weeks.
Now that price has popped into the H4 demand zone, i'm anticipating a bounce back up if this zone doesn't break but if it does then price will be heading towards 1.34000 which is a premium demand zone. Any break further down will destroy the bullish momentum that had build up in the past weeks.
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