Technical Analysis
Entry Reasons
Breakout of daily trendline and retest of 1hr resistance now turned support
Double bottom reversal pattern on the daily timeframe
Reversal confirmation on the retest of the previous resistance turned support on the 1hr timeframe
(green hammer candlestick)
Change in trend on the 1hr timeframe (previous lower high was intersected)
Trade details
Buy stop:1.90559
Stop loss:1.90255
Targets
TP1:1.91048 TP2:1.92506 TP3:1.94304 TP4:1.96171 TP5:1.97945
Fundamental Analysis
Beware of the speech by the BoE
Entry Reasons
Breakout of daily trendline and retest of 1hr resistance now turned support
Double bottom reversal pattern on the daily timeframe
Reversal confirmation on the retest of the previous resistance turned support on the 1hr timeframe
(green hammer candlestick)
Change in trend on the 1hr timeframe (previous lower high was intersected)
Trade details
Buy stop:1.90559
Stop loss:1.90255
Targets
TP1:1.91048 TP2:1.92506 TP3:1.94304 TP4:1.96171 TP5:1.97945
Fundamental Analysis
Beware of the speech by the BoE