We are seeing it test resistance soon. We could see a possible sell if the 4 hour stochastic crosses back over. Right now it is overbought in multiple time frames. We are waiting for confirmation on the 4 hour and to see the break of the trendline that is maroon. I expect it to touch the white resistance line above it and retrace downward to the next support line which would be 140 pips or so. Now we wait.
Trade active
Trading is now active! All confluences have been met.
Note
Still in this trade. The news is affecting the time of this trade but all other trades hit tp. Audusd and eurusd, this will be no different we just have to wait it out.
Note
We are reaching tp soon. Patience pays off
Trade closed: target reached
160 pips hit! What a great way to start the week.
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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.