When price retraces here, expecting price to hold - I'm not entering on a pending order, will await and see if price action respects the zone.
Other factors to take into account:
- Currency strength
- Entry time (should be during London/NY kill zone hours)
- Check for high impact news events
If price fails to hold here, we could potentially look for a continuation to the upside.
Other factors to take into account:
- Currency strength
- Entry time (should be during London/NY kill zone hours)
- Check for high impact news events
If price fails to hold here, we could potentially look for a continuation to the upside.