Entry made on early on 1H off of what looks like support off of 89sma. Also MACD RB signal on the 1H with price support on the 89sma. Price on the 4H has retraced back to the 21 and last candle has bounced off of 21ema but no MACD TC signal yet. I entered early on the 1H in anticipation of MACD TC signal on the 4H. I entered with 0.3 lots. I will close 0.1 lot after plus 25 pips.
Edit:
close this trade as bias was to the short side when price broke below 89sma. Also on the 5m time frame, a minor trend line had formed off of today's lows and price broke out and pullback and broke out so I re-entered with Profit target hit @ 1.4965 for +165 pip gain (which was just before Daily S1 pivot line.
165 pip / 3 lots = 55 pips Gain
Edit:
close this trade as bias was to the short side when price broke below 89sma. Also on the 5m time frame, a minor trend line had formed off of today's lows and price broke out and pullback and broke out so I re-entered with Profit target hit @ 1.4965 for +165 pip gain (which was just before Daily S1 pivot line.
165 pip / 3 lots = 55 pips Gain
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