DislikedAnalysis
Boss: confirmed HHs (1,3) & confirmed HL (2). Price bounced of round number 1.34ish & closed 100 pips higher above round number 1.35. Last week immediate trend down.
Worker: BUOB with confirmation worker and boss immediate trend in harmony.
Plan:
Two buy orders by $1 at 1.3557
Stop loss at 1.3417 with Risk: 140 pips or $280
First position profit taking at 1.3667 Reward: 100 pips or $100
[size=2]Move second position to break even at 1.3457 trailing the stop loss targeting at least above...Ignored
My data is slightly different from yours, but immediate trend of boss is still down and just completed a BEEB. On the worker, it just broke the uptrend line, EMA 20 is below 50. Even though the worker just formed a BUOB, it has immediate resistance of uptrend line and 1.3670. I think I would wait for it to retest these resistance first and look for a short trade.