SELLS BELOW 1.0760 WITH 4HR BEARISH CLOSURE
TAKING BUYS AFTER BULLISH CLOSURE ABOVE 1.0830
BUY AFTER BULLISH CLOSURE ABOVE ALERT PRICE ON 4HR TIMEFRAME.
I entered sell @ Open of day on 5/22 price: 061260, We have a break out on 1hr and bearish momentum to downside after wick rejection off 0.61480 area. Target areas are tp1: 0.60840, tp2: 0.60680, tp3: 0.60420, tp4: 0.59965 ENTRY TO EXIT 1:2+ Risk/Reward
Tight 40 pip SL below previous day Asian session low, Looking to take long position after price retrace to 0.60150 Bullish engulfing after bounce will be extra confirmation for me to enter long position. Long term target 200+ pip Reward Dxy continuing bearish momentum is another confluence that adds validity to long bias. Keeping a close eye on both. Lets wait and see :)
1st Target 107.2 2nd Target 106.2 Not looking for long positions until price breaks and retest above 109.02
Wait for possible retest of 0.96900 for short continuation confirmation Next Target 0.96300
1st Target 0.64822, if price continues to hold above this level, I'll look to add more positions with Target 2 @ 0.66000
1st bullish target 119.6 SL 118.26 If price clears 117.9 I'll look for downside opportunities back down to 116.5
1st target 1.10 After 1.10 is cleared, looking to go long and add positions Long-term target 1.11-1.14 If we dont get a break above 1.10 I will look for short opportunities back down to 1.07