Again EUR had a bullish move within a correction of the last 4H price drop from a couple of days ago.
This is again a smaller timeframe 1H trending move so I was very conservative with my profit target. If I was watching the market earlier I would of entered around 5410.
Because this trade was against the 4H/Daily momentum but in tuned with the 1h/15M momentum there was a very high chance that the 1.382 extension target will not be hit - so I took 20 pips profit after price stalled and pulled back and failed to break again on a tick basis.
Again this same trending - pullback rhythm but is always changing relative to price and time.
This is again a smaller timeframe 1H trending move so I was very conservative with my profit target. If I was watching the market earlier I would of entered around 5410.
Because this trade was against the 4H/Daily momentum but in tuned with the 1h/15M momentum there was a very high chance that the 1.382 extension target will not be hit - so I took 20 pips profit after price stalled and pulled back and failed to break again on a tick basis.
Again this same trending - pullback rhythm but is always changing relative to price and time.