Retracement occurred in the middle of prices 61.8 and 78.6
There is structure to the Left
Cross over on moving averages
Candle stick reversal patterns:
15min - inverted hammer and spinning tops
30 min - morning star pattern
Original TP is near 1.34326 price/ 100 % level
Due to my personal Risk to Reward Ratio:
Stop Loss is set at price 1.33721, 50% of my first TP level
-First TP will be at price 1.34206
-Second TP will be at the 100% level
This trade seems very reliable, despite it not retracing from one of the major levels of focus.
There is structure to the Left
Cross over on moving averages
Candle stick reversal patterns:
15min - inverted hammer and spinning tops
30 min - morning star pattern
Original TP is near 1.34326 price/ 100 % level
Due to my personal Risk to Reward Ratio:
Stop Loss is set at price 1.33721, 50% of my first TP level
-First TP will be at price 1.34206
-Second TP will be at the 100% level
This trade seems very reliable, despite it not retracing from one of the major levels of focus.