On this particular pair I saw a impulse followed by a slow correction on the 1 hour. Now we're just waiting on a cross back to the upside and a retest of structure before taking the trade to the 227 of the fibonacci retracement. Follow me for more quick updates and analysis.
Kommentera:
So this ended up being a break even trade. On the 15m chart it broke structure to the upside. As soon as that happens you have to move your stop loss 1 or 2 pips into profit. In this instance the trade either hits your take profit or its a break even trade, because if it breaks structure back toward your entry the chances are highly likely that it will retest the structure before continuing to your stop loss.