Very simple price action, uptrend seems to be resuming as there has been higher highs and lower highs. I believe price will hit key resistance level and previous structure high. Stochastic also seems to be crossing over. Doji formed on the most recent lower high when sellers tried to drive the price down but failed followed by a bullish engulfing.
Trade geschlossen: Stop wurde erreicht:
Bit of a risky trade as the pair was reaching a market top. Price hit a ceiling 16 pips below anticipated target and key resistance area. The bullish candle was engulfed by the bearish one which stopped me out. Perhaps an unlucky trade.