The premise for this trade comes from the weekly.Last week's candle showed price could not penetrate and close within the weekly SSB which is is a very strong support area.We know price will go in the area of least resistance all things being equal,so the strong weekly SSB means the other alternative will be up.It made a some kind of doji and from here i was looking for longs. We are in between the monthly tenkan and SSB so our next price magnet zone is monthly SSB zone which also happens to be a whole number zone of 1.0900. Entry is taken on H4.
Entry: 1.08285
SL : 1.0806
TP : 1.0900
R : 3.18
Risk Management as always is critical...no trade has a 100% guarantee!
Good to be back!!
Entry: 1.08285
SL : 1.0806
TP : 1.0900
R : 3.18
Risk Management as always is critical...no trade has a 100% guarantee!
Good to be back!!
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