Bullish engulfing 4H candle crosses above MA60 and couldn't close below
Support found above MA40
SL set below MA60
Targeting 2 areas
1. The gap between MA60 and MA120
2. A break of MA120 should result in a pattern following MA40 to Major resistance.
Will close positions once 4H candle body closes below MA40 / SL moved to below wick just in case it reverses and breaks back above MA40 and major resistance to create new higher high.
Held position over weekend, T.May hard times ahead but positive outlook on UK leaving EU, and D.Trump becoming president with issues laying on global crisis rather then economic issue
ENTRY: 1.62590
SL: 1.63150
TP: Targets on chart
Support found above MA40
SL set below MA60
Targeting 2 areas
1. The gap between MA60 and MA120
2. A break of MA120 should result in a pattern following MA40 to Major resistance.
Will close positions once 4H candle body closes below MA40 / SL moved to below wick just in case it reverses and breaks back above MA40 and major resistance to create new higher high.
Held position over weekend, T.May hard times ahead but positive outlook on UK leaving EU, and D.Trump becoming president with issues laying on global crisis rather then economic issue
ENTRY: 1.62590
SL: 1.63150
TP: Targets on chart