Trendline Bounce Opportunity : Previous bounces from the trendline which shows strong resistance, Muiltisession M on the 4HR. Potentially retrace to the 0.5 / 0.618 Fib area which matches up the support trendline and also the 50 SMA on the daily
Entry Zone : 1.20900
Stop Loss : 1.21050 (15 Pip stoploss, place sell stops at stoploss price if it hits)
Take Profit 1 : 1.20580 - Water 50 EMA (15 Minuet Time Zone)
Take Profit 2 : 1.20370 - Mayo 200 EMA (15 Minuet Time Zone)
Take Profit 3 : 1.19800 - Blueberry 800 EMA (15 Minuet Time Zone)
Swing the rest to the trend line
Entry Zone : 1.20900
Stop Loss : 1.21050 (15 Pip stoploss, place sell stops at stoploss price if it hits)
Take Profit 1 : 1.20580 - Water 50 EMA (15 Minuet Time Zone)
Take Profit 2 : 1.20370 - Mayo 200 EMA (15 Minuet Time Zone)
Take Profit 3 : 1.19800 - Blueberry 800 EMA (15 Minuet Time Zone)
Swing the rest to the trend line
Komentarz:
All take profits hit. If your still in the trade move stop loss into profit and swing it to the downside!