This is an interesting setup.
On 4H TF, we have a strong break of TDI and PAC with RSI being still over 50.
On daily we are still in a strong bullish movement but with some divergence, that should indicate at least a pullback if not a reversal.
As usual I target a fib retracement and will update depending on TDI movement.
On 4H TF, we have a strong break of TDI and PAC with RSI being still over 50.
On daily we are still in a strong bullish movement but with some divergence, that should indicate at least a pullback if not a reversal.
As usual I target a fib retracement and will update depending on TDI movement.
Comment:
Good start for this trade. On 4H TDI is going flat so we should see more consolidation.
Comment:
Trade active:
TP1 hit! Close half position here, set SL@B/E and we're set for a "risk free" trade until TP2 (1.28949).
Trade closed: target reached:
Ok... TP2 hit. I planned to split it let it run a bit... but not enough time.
Good trade.
Good trade.