Update: current trades
aiming for this green resistance boxout you can see price has literally touched it and no more previously so if we see a break into this box I expect a nice push to the upside.
entered this trade this morning after a break of horizontal resistance we seen a push up and retest before moving to the upside, really nice trade, around 25 pips in profit moving my SL to 154.158ish maybe just below it because I expect a test of this level as support possibly before seeing the next leg up.
in terms of market structure we are bullish higher highs and higher lows so a breakout like this was expected we will probably find a level and consolidate.
RSI beginning to look oversold so as I said very possible to find a level and consolidate to allow a reset of indicators look at the resistance level we are hitting on the 30 min chart, probably showing the start of what I said earlier, a short here might be a good idea, im in decent profit and covered myself in terms of risk so im going to aim for the green box if not take the SL in profit and be done for the day.
aiming for this green resistance boxout you can see price has literally touched it and no more previously so if we see a break into this box I expect a nice push to the upside.
entered this trade this morning after a break of horizontal resistance we seen a push up and retest before moving to the upside, really nice trade, around 25 pips in profit moving my SL to 154.158ish maybe just below it because I expect a test of this level as support possibly before seeing the next leg up.
in terms of market structure we are bullish higher highs and higher lows so a breakout like this was expected we will probably find a level and consolidate.
RSI beginning to look oversold so as I said very possible to find a level and consolidate to allow a reset of indicators look at the resistance level we are hitting on the 30 min chart, probably showing the start of what I said earlier, a short here might be a good idea, im in decent profit and covered myself in terms of risk so im going to aim for the green box if not take the SL in profit and be done for the day.
