Time Frame : 4 Hour Entry : 15 m Predicted Direction: Short After a Retracement on the resistance level, and the conformation of the trend line I begin to short this position. Right now in Profit
Analysis on point ^^ Retracement on 23.50% Reach over my target
I was jump in this trade very late but after it hit my trend line more times that was the signal i will catch a few pips maybe it will hit my daily resistance 147.910 i have set my stoploss on this trade very tight. Maybe it will retest on the Daily support and go up high 300 pips.
It nearly hit my TP After it retest on my Resistance i have sell this pair.
After retest on the trend line i go bullish on this pair
I entered in this trade after i see the candles hit more times my resistance the RSI showing me to that the market is over buyed and it will going down watch out ^^
After it hit my resistance i will wait for a conformation my second conformation is the trendline from the daily timeframe that symbolizes the downtrend of the past my possible entry will be 125.320
I will watching this pair over the weekend when we see a break of that trend line we will wait for a retest and that will be a opportunity to join this ride