Inspite of some mistakes on my 2 long positions on this pair, I still managed decent profits and have trailed stops securing 127 pips of profits on my long position.
After break and close above the last resistance level on the daily, price has been consolidating on the H4 for the past 2-3 days. Question is now if price will break to the upside and continue (potentially retesting the next level of daily resistance @1,0270) or will if it was a "false" bullish breakout and price will get back under the broken resistance level.
If break up I'll be adding to my current position, otherwise my trail stop will give me the last piece of profit if it gets hit!
Have a great rest of the weekend!
After break and close above the last resistance level on the daily, price has been consolidating on the H4 for the past 2-3 days. Question is now if price will break to the upside and continue (potentially retesting the next level of daily resistance @1,0270) or will if it was a "false" bullish breakout and price will get back under the broken resistance level.
If break up I'll be adding to my current position, otherwise my trail stop will give me the last piece of profit if it gets hit!
Have a great rest of the weekend!
