Trade 14 is now history and in the bank. Closed 80% at 1.9520 and the remainder was stopped out at 1.9620, for a net of 178 pips. Good start for the month of May. Now looking to reset here. Im going with either the high or low break of today. either way the stoploss will be small considering this is a daily and the small range of today.
The break of the high seems the most likely at this point since retracement may be necessary now and if so I will look for resistance levels of the previous swings for target selection, unsure yet which until I can see the strength of the move if it breaks.
The break of the high seems the most likely at this point since retracement may be necessary now and if so I will look for resistance levels of the previous swings for target selection, unsure yet which until I can see the strength of the move if it breaks.