I forgot to publish this move last night when i posted the EURUSD sell move. But this is the same concept of that trade. Nice zone/range, break below the area, retest (with more drawdown than usual) and a nice push into profit. I'm now also breakeven on this move as well. I will try to post moves more often on the days ahead. Twitter: @ceomark_
This is a continuation of the trade idea i posted last night. As you see we finally got a close below the zone, it was close but you can see the clear close below on m15. The we got a retest back into the zone and now were in profit around 40 pips so far. Now i'll go breakeven on my entries, close on entry at the first take profit and let the second entry run to...
I'm looking for an overall bearish move but a buy move is also possible. Price broke above my zone, retested and gave a buy move which hit my first take profit. Now price is back in my zone and will break back above for another buy trade or will break below, retest and take out my two take profits over the next few days.