Daily bias switched over to long today. no strong resistance till 85.77 visible.
2 potential entries marked on chart along with all relevant information needed to assess long idea.
additional potential entry can be expected at London open.
I usually trade just London session but this setup looks too good to pass on if it presents right away.
but I will wait till the POC is cleared. whether it does this in next 15 minutes or after London opens up, we will see.
Note
Update on this idea -
as expected - had to wait till London session for the long setup.
the second entry now valid since asia session buyer seller ratio confirmed the bias.
Trade active
tagged in.entry - 85.36
SL and TP as shown in figure.
will probably leave 10% on after TP gets tagged.
Trade active
TP hit. 10% left as inside value setups tend to rally more than the others.
Note
Full close TP at 86.00 being a potential reaction area and also a psychological level. Note
nice break of PWH. let's see if it holds.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.