Play the players, not the cards.
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If price does not return to 1.022 before reaching 1.0365, then I think price will be strongly rejected after reaching 1.0365 and if I'm correct in that price will turn south from there.
1H A/UIgnored
1.022 will now be used as a potential TP area in the future. The move to 1.0245 has softened the R/R of any potential trade once price revisits 1.022.
I am thinking of going short at 1.0365, but also 1.035 with maybe just a micro lot each. I am also thinking of using 1.039 as a SL. With this, the first position may occur a 55 pip loss, while the second 40. This gives a total of a 95 pips loss, which would almost be 2% of my equity.
Profit can occur at 1.022 or 1.0245. The first target, 245, may give 90 pips for the first position and 75 for the...Ignored
Update for G/U 4H. It was a good time to go long, however, I did not actually go long. Aw shucks.
If price does not break the current resistance area, I'll be looking to get in if price touches the circular line.
Edit: Hold on, shit fucked up with my platform. It keeps moving my lines constantly. Getting annoying, actually.Ignored
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