Dislikedentry on 30 min confirmation (ma cross and macd cross). Round formed on the 4 hour chart.
Entry: .7053
SL: .7070 (note the higher the tail, the higher the stop loss so "they" can't take us all out )
1st target of 2 lots at .7031
2nd target: .7015
Risk: 17 pips
Reward 1st: 21 pips
Reward 2nd: 37 pips
R:R = good, very small S/L required and previously pulled back to the 21 EMA, at the top of a daily chart double top candle pattern, and hit a horizontal resitance line the past 3-4 candles. Above 89 EMA so, it's a counter trend trade.
We'll see how it works.... low stop loss though... that I like.Ignored
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