The 100 Ema on the monthly chart has held price down below 12380 for now. I see this as a short term correction only with price to continue upwards.
My trade in currently up 58 pips. Price cuurently trading at daily pivot. I will tighten my stops and await the eur open. With US nfp upcomong this may be a short term correction. I'm willing to B/E since my entry was good and above the 100EMA.
It's either going to stop me at even or a larger move down to 12275 which is the 5 sma level on the daily chart.
My trade in currently up 58 pips. Price cuurently trading at daily pivot. I will tighten my stops and await the eur open. With US nfp upcomong this may be a short term correction. I'm willing to B/E since my entry was good and above the 100EMA.
It's either going to stop me at even or a larger move down to 12275 which is the 5 sma level on the daily chart.