Following on from my USDCHF idea last week that has destroyed TP 1, I'm now anticipating continuations long for another day. I'd anticipate a repricing on Tuesday/Wednesday downwards, but for now, DXY should be strong.
In light of this, I've taken an entry here off the M30 +OB anticipating price to hit the high of the day then take the next high lying above.
Let's see how it plays out.
RR 1:5 on the table.
Partials will be taken @ the following points I've highlighted.
As it's Monday, I'll be employing significantly lower risk as statistically this is my LEAST profitable day where I tend to avoid trading - unless a pristine setup forms like so.
Good luck.
- AmplaFX
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2 Scalings have been achieved. 50% have been claimed. SL remains fixed as price will retest lower most likely