There was quite strong bearish momentum yesterday during the US session. Going into Asian session and London session today there is a consolidation bullish. There is a 4 hour zone marked out where i am looking for a retest and continuation bearish to a key zone below where a reversal pivot is expected and then continuing bullish with the larger trend.
Trade active
Trade was triggered yesterday evening and bouncing around the entry. Today being a Fed news day suggests a choppiness to the market hence this is expected. I will not move my SL or add to the trade or close it too soon. I will let the trade play out and lets see what happens.
Note
Price action that still shows me that this is a good trade is the choppy bullish movement that im seeing on the 1hour chart when compared to the large momentum bearish candles on the left. Note
Trade still active and waiting for the push downNote
Moved my SL to breakeven as the push down is confirmed. Trade closed: target reached
Nice win: 4.67R 
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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.