First of all I normally I dont trade this pair. I am just curios if my Price Action and correction Analysis will work.
Its risky because of the Jpy News Tonight, this might be tricky with our tight sl. But as I said its risky.
Lets see how it works out :)
Simple PA Analasis.
The trade is risky because we still need a correction to the last upmove.
TP is not too far away as I Always want to secure the Profit as soon as possible.
Goal is to get the sl Pretty fast to BE or close part of the Position in good Profit.
Lets see what the market brings ;)
I am going to try to catch some pips with the correction. Pay Attention as it is against our main trend. Price action seems ok so I am going to enter the trade. Goal is to get the sl Pretty fast to BE or close part of the Position in good Profit. The trade could bring more pips then target. Lets see what the market brings.
Matching Fibonacci in a downtrend. If price action seems ok I am going to enter the trade. Goal is to get the sl Pretty fast to BE or close part of the Position in good Profit. Lets see what the market brings.
