Long to short point of interest EUR USD

Thinking a neutral range, but still looking for shorts. Making an aggressive play for the 1.0588 level. Making a new Idea to update for the current trade situation, and to show a way of how the same angle blue line is copied to the green ones and spread into a 5 minute chart. Notice extreme points it lines up with. See if it follows along....

If it reaches the 1.059 ish level, I'll watch for some rejection off the level to enter and target the 1.04 range levels below in a new idea.

So far, the idea of a Double Bottom is holding, and it looks as if we have a long and drawn out fishook pattern

Transaction en cours:

Trade idea carried in from previous linked idea, still holding entry at a spread adjusted 1.05511, target set to 1.05885, hedge sell stop at 1.05270

Commentaire:

Hedge order removed, stop moved to 10 pips in profit

Trade fermée: ordre d’arrêt atteint:

Trade stopped in profit and I'll take that reaction as a good sign for the point of interest for the short. Let the fed speak and watch