DETAILS
TP: 1.01304 (+$108)
SL:
INITIAL THOUGHTS
Price crossed above the 50 MA. 1h MACD and RSI in an uptrend. 4h MACD and RSI are in an uptrend but momentum is slowing a bit. Daily is just starting to arc and catch up. Previous candle showing strong price rejection. Broke through the channel a bit but it's reversing course. Next week should be an uptrend otherwise it would break the channel.
UPDATE
07/15/2022 11:12 PM, +$20. Market is closed but it ended positive.
07/17/2022 8:06 PM, +$42. Looking good. I think my TP will either hit tomorrow or Tuesday.
REFLECTION
TP was hit. At the time of writing this, price is at 1.0184 (+$215) Looks like there was more strength behind the move. I want to study more on how I could have moved my TP and capitalized fully on the swing. Maybe need to check the lower time frame candles and see what price action is saying.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-07-15 09:17:14 | EURUSD | buy | $1.00761 | long |
2022-07-18 03:08:46 | EURUSD | sell | $1.01310 | 0 |
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