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Also note how price tried to reach lower lows twice, but both times bounced off the Fractal support line (light blue). That's normally a clear sign of a (temporary) trend reversal. Trading of the 1hr charts btw and my stop loss is normally automatic (5 EMA shift 3 as stop loss), but this time I exited manually because I'm happy with a 85pip gain (especially considering Trix seems to indicate some sort of reversal).
Don’t ask me why price moved that way, I haven’t read any financial news today…this is pure chart analysis how it should be. I exited the trade manually
Finally back from travelling, time to catch up on trading...
@Toranaga: Look into the EMA 1.4 automatic stop loss EA...the 5 EMA shift 3 seems to offer pretty good stop loss points
My initial stop loss was at the moving average, so approximately 14 pips from my entry point. I exited the trade manually because I had to buzz off to a work meeting