AU 04-00 i know we have no clue whats going to happen but i THINK price might break our LOW to around 75926 just shy of our +10 and then reverse. One because the Support at 75926, Two, because the gap created 02-30 will have been filled by then as well. Three, there is a chance that price could take an almost immediate reversal due to the 00 line just beyond our Lower Trigger. Although with our Monthly Candle being GREEN, our Weekly Candle being GREEN, our Daily Candle being GREEN.....The strength of AUD is very strong (8.8) compared to USD (3.7) on the H4 time fame strength meter...................trade looks like to me like it could break low and the reverse and go for our 20+
EDIT: Our Lower Trigger was just broke as I hit enter on this post...........
EDIT #2 .....I decided that if price happens to reach my +5 pips I will Exit the trade and instead of letting the trade reverse and go bad ...i will just lock up the +5 ...then let it reverse and trade the opposite trigger as a separate trade. I might put in 2 trades LONG....let one go for +5 more and the other go until my nears "obstacle".
EDIT: Our Lower Trigger was just broke as I hit enter on this post...........
EDIT #2 .....I decided that if price happens to reach my +5 pips I will Exit the trade and instead of letting the trade reverse and go bad ...i will just lock up the +5 ...then let it reverse and trade the opposite trigger as a separate trade. I might put in 2 trades LONG....let one go for +5 more and the other go until my nears "obstacle".