Zoomed out so you could see the overall structure.
On the 4 hour time frame, it shows a downward channel, indicating higher prices.
Price broke out of that channel on 21/1/21 and has now recently retested that outer channel.
Price formed corrective structure and has recently broken out of that too so I entered there.
I entered at 1.21448 and 1.21435, I feel like it was too early as well like with GU, but nonetheless it's still moving up.
SL ~10 pips
TP would be trailing SLs, but the target would be 1.22200 or 1.21800.
Ideas/opinions would be very much appreciated as I am new to this so any feedback will be taken into consideration!
On the 4 hour time frame, it shows a downward channel, indicating higher prices.
Price broke out of that channel on 21/1/21 and has now recently retested that outer channel.
Price formed corrective structure and has recently broken out of that too so I entered there.
I entered at 1.21448 and 1.21435, I feel like it was too early as well like with GU, but nonetheless it's still moving up.
SL ~10 pips
TP would be trailing SLs, but the target would be 1.22200 or 1.21800.
Ideas/opinions would be very much appreciated as I am new to this so any feedback will be taken into consideration!