Looking for a double tap on the 134.4 level with a solid hit and run.
Ideally price will return to the 134.4 and fill some more orders before a run upwards again, given the moves this pair has made during this run I am comfortable trying to buy in this zone for a few reasons....
SL can be nice and tight at this level as it is kind of in no mans land, I feel price wants to run further above the 135 levels and may consolidate above once it arrives.
Obviously this is a risky trade and you should use appropriate stop losses when entering in these zones.
LONG @ 134.4 +-
SL @ 134.24 +-
Ideally price will return to the 134.4 and fill some more orders before a run upwards again, given the moves this pair has made during this run I am comfortable trying to buy in this zone for a few reasons....
SL can be nice and tight at this level as it is kind of in no mans land, I feel price wants to run further above the 135 levels and may consolidate above once it arrives.
Obviously this is a risky trade and you should use appropriate stop losses when entering in these zones.
LONG @ 134.4 +-
SL @ 134.24 +-
Trade active
INITIAL TARGET AREA 135.05 -135.15, Watch price action bars for confirmation of trend continuation/reversal. Ideally a larger timeframe pullback to 133.29 would be my next downside target. buying 133.29 area with bar confirmation.Trade active
Hit the level again nicely, seems to have good liquidity in this region for now, Maybe it does want to push higher before we get that larger retracement. S/L moved to break even, monitoring trade.
Note
Trade active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.