PreLondon 17.03.2023
-Eurusd has created a support at 1.06000 and printed a very bullish candle just before London open.
-Placing my stop a few pips below the low of the bullish 4H candle in the anticipation that price wont go below it but rather continue up tp create a new high.
-Right now we are seeing retracements on the 30m time frame in addition to the fact that we dont have a wick to fill on the upper side of the previous 4H candle.
-On , retracement, if a bullish signal prints on the 30M, within the ranges of the candle, i will take a buy and ride it to the next resistance level
-Placing my stop a few pips below the low of the bullish 4H candle in the anticipation that price wont go below it but rather continue up tp create a new high.
-Right now we are seeing retracements on the 30m time frame in addition to the fact that we dont have a wick to fill on the upper side of the previous 4H candle.
-On , retracement, if a bullish signal prints on the 30M, within the ranges of the candle, i will take a buy and ride it to the next resistance level
Note
-Price resisting to go up. taking out my positions at 5 pips profit.
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