Good Morning Traders, I spotted an entry 10 minutes after the red USD news. Off of the H2 chart. Entry was long at confluence of 38.2 retracement and H2 EMA. Purple, white, and smooth were bunched up together, neither stacked up or down. Entry from 118.69. I am open to feedback.
I felt it was an aggressive entry, because to go +40 will require a break of yesterday's high. So, tucked TP just under yesterday high at +35 and took risk to -35, safely under MA20 and 61.8 retracement.
Thank you.
I felt it was an aggressive entry, because to go +40 will require a break of yesterday's high. So, tucked TP just under yesterday high at +35 and took risk to -35, safely under MA20 and 61.8 retracement.
Thank you.