Re-test of H4 breakout

29 พ.ค. 2019

-1.35000 finally broke, after a month of ranging. The same pattern happened on the previous month and it broke out on the last week and a half before a new monthly candle opened.
-H4 broke 1.35100 then a new H4 pushed down to re-test the integrity of the broken level before it keeps pushing up to the next zone.
-My goal is to catch a potion of this move, if the daily closes above 1.35000 then i will be expecting the momentum to keep on pushing up.
-My idea is purely technical but there are fundamental forces playing so i will set my trade at break-even as soon as i can.

30 พ.ค. 2019

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