If you look at the hour 1 chart you will see a double bottom pattern. This is the correction. We need to wait for the correction to finish, and then we need to see candles moving up before we make a entry.
So im sitting here waiting for my entry to buy. Im not buying yet. I would like to enter on a moving average crossover on the 5 min time frame. I will use the 10 and 20 ema crossover.
My tp will be around 0.97100
This is a pullback trade only and if you buy you will be buying against the big move down. It will be very important to take profits as soon as possible.
So im sitting here waiting for my entry to buy. Im not buying yet. I would like to enter on a moving average crossover on the 5 min time frame. I will use the 10 and 20 ema crossover.
My tp will be around 0.97100
This is a pullback trade only and if you buy you will be buying against the big move down. It will be very important to take profits as soon as possible.