Looks my gut was right, it is a reversal. I didn't have the commitment to ride my previous Short trade, so how do we get back in at the best possible place.
Well I think move 1 is done. I'm hoping it pull backs to our centre line at 1.13950 which will be our best entry point for move 2.
I have a theory that this could take another 6 hours, but it seems it's already nearly there. We'll see.
Proposed trade:
Entry: 1.13950
SL: 60
TP: 210
R:R 3.5
Well I think move 1 is done. I'm hoping it pull backs to our centre line at 1.13950 which will be our best entry point for move 2.
I have a theory that this could take another 6 hours, but it seems it's already nearly there. We'll see.
Proposed trade:
Entry: 1.13950
SL: 60
TP: 210
R:R 3.5
