It seems we have a triple top formation on this pair.Price broke out of the green shaded area with strong momentum mid October and we have not had a test of that zone yet. That is the trade we are going for. The rejection on yesterday's daily candle is an early indicator of rejection of price and we jump on that,its a bit aggressive so we position size appropriately.
Entry: 2 small position @ 1.2944
SL: 1.30363 (slightly above the formation high)
TP1: 1.2776 (previous low)
TP2: 1.2608 ( the breakout zone)
NB: We are risk managers before anything else,manage your risk!
Entry: 2 small position @ 1.2944
SL: 1.30363 (slightly above the formation high)
TP1: 1.2776 (previous low)
TP2: 1.2608 ( the breakout zone)
NB: We are risk managers before anything else,manage your risk!
