Looking for a retracement of the previous low (white dot) I am a fan of the weaker dollar short term. Banking on this recent high to not be broken. This could be an "ABC" pattern to the downside. I'll update regardless of outcome.
Trade active
Two trades stopped out before reaching full target. Was only able to take one home at a 25% retracement.
Note
Decided on re entering at this level spotted some divergence on the 1 hour and want to see if it carries over to continue the original outlook.
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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.