Filed under Setups, Trading Journal
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Took a trade yesterday, was a little too good to pass on.
So in June, a trip to Thailand and almost 2 weeks of reservist, amongst other projects, I’ve managed +9%.. just 1% shy of my primary target.
I might do some scalping later at night, we’ll see.
Took the EURUSD trade for various reasons, amongst which I see a lower high formed, and a target of the 50% retracement of the move up seems likely since there weren’t any other supports in the way after 2260s broke.
Right now, there’s a channel on the EURUSD 4hr.
Have a look at the charts!
The channel broke nicely, it’s pretty much like a flag.
We’re up at 1.2450 resistance area.
I would expect a retracement hereabouts, and a larger move up to 1.2600s if this level breaks.