wait for support to break and then enter on the pull up
waiting for price to run above 81.300 and not to run above 81.730
trying my hand at a swing idea, If i've read PA correctly will be scalping this all the way up. goodluck and let me know your thoughts
long setup.risky. should not break the prev 15min candle low
entry I took this morning with trade plan and thought behind this. The move was prior to the London Open Cons: Was clear downtrend in progress. Could easily be wicked out Pros: Buying from a Daily congested zone. Getting to the second breakout attempt is 10 pips on 5 min entry. Going above the 2nd breakout zone would reveres structure on the smaller TF
I prefer scalping but this looks like a good opp. Risk to this trade is the FOMC out tomorrow can affect so will only risk 0.5% If we close and start forming resistance under the weekly doji, I would expect momentum to push this down to fill the wick and further momentum to push this down to Target 1 1.15 Target 2 1.12