4H Chart for "Project Trade Like A PRO"

Chart published for the 1001 Pips Project team : Project Trade Like A PRO:

Expecting a retrace from here, after which to make a higher high to complete the retrace of the wave down from 1.16 to 1.11. Once it happens, looking for a short entry in the 1.144-1.146 area for a target around 1.12.

Trade ativo:

Playing the correction now with entry at 1.13727 at the moment.

Trade fechado: stop atingido:

Trade for correction stopped at BE. It is a 50/50 chances either way, although I am now more inclined to a bullish break-out to go further up and continue after that the sideways movement seems to be THE awaited correction, Waiting for direction now.