126.100 potential retest with breakout bar
Updated
We can see a break out bar breach my 126.600 support with a full close out below. Followed was a lower volume tug and war bar won by the bears. 126.600 now acting as resistance and looking for a retest for entry and retrace into downward momentum.
Placing lower lots with a higher stop loss in case my 126.600 new resistance sentiment is significantly breached with a close out.
MACD and Signal made a downward cross while under 0 line to confirm continuation after a consolidation period. RSI has room to make significant breach through oversold zone to make a push to my TP zone of 126.100.
Please comment with your thoughts and ideas. Thank you.
Placing lower lots with a higher stop loss in case my 126.600 new resistance sentiment is significantly breached with a close out.
MACD and Signal made a downward cross while under 0 line to confirm continuation after a consolidation period. RSI has room to make significant breach through oversold zone to make a push to my TP zone of 126.100.
Please comment with your thoughts and ideas. Thank you.
Trade closed: target reached
TP hit
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