Price went to the grey zone as i anticipated and it gave me a rejection albeit not the kind of rejection i wanted but that will suffice. So i will enter 2 small positions in anticipation of the move up. There is strong resistance above at the 0.9150 zone which has the downward trend line in conjunction with the daily SSB/weekly tenkan. This means we should get a good thrust if price is to pierce through.Should be interesting.
Entry: 0.91093
SL : 0.90830
TP1 : 0.91986 ( R-3.4)
TP2 : 0.92975 ( R-6.7)
Position size should be smaller than usual as we are going against a well developed downtrend.
Entry: 0.91093
SL : 0.90830
TP1 : 0.91986 ( R-3.4)
TP2 : 0.92975 ( R-6.7)
Position size should be smaller than usual as we are going against a well developed downtrend.
