5 pips it is.. Waiting on sidelines now..

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Moving stop to 1.1646 (+5 pips locked)

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Okay.. I think it is safe to move stop to 1.1642.. (+1 pip locked.. zero risk) *If not, I can blame the Friday choppiness for it

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1.1641 was almost touched... but bears couldn't get it.. lol... still watching.. I want to start trailing but no chance yet with these slow crawlings... patience *On a side note: I never ever would hold trades over the weekend and I ...

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Because it is Friday: If price comes back to 1.1641 one more time I cancel my long order and close at break even... *If things don't work out smoothly, don't force it...

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M15: I entered long at 1.1641... Let's see how it goes... thin market...

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D1: this chart is still bearish BUT don't forget: Harmonic patterns often force price to change direction! *~1.1660 is key resistance area here...

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M15: I am starting again to buy dips... Watch 1.1638...

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And here is my H1 chart... you can see some of the reasons why I stay bullish... chart is self explanatory.. *Of course sellers can benefit here.. selling is not wrong... it is just the W1 chart that I am cautious of and therefore I don't sell!

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M15: It is another day where my engulfing strategy worked but I didn't take this one... *Today, I want the H1 chart to get ripe for bulls.. IMHO, M15 can be risky on choppy and tricky Fridays...

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On a second thought let's make that 1.1643.... While M15 candles open below, I don't buy! *But I am also not a seller... for the known reasons I explained earlier...

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I can understand buyers.. but I personally stay out until I see M15 bulls fully recovered above 1.16385.. Only then I can restart to look for longs.. No rush!

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Bear momentum is strong.. I wait...no buying until I see bull interference..

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I had my dip.. now stepping down to M5 to get best entry point.. *If any M15 candle closes below 1.1633, I cancel buying..

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M15: I am waiting for a nice dip to 1.1638 area to go long again.. Happy trading day folks

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You are correct... Sort of (A chart always explains better... provided below!)

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D1: Simplified View Based on AB=CD pattern: As long as D1 candles open above ~1.1600, this should slowly rise to ~1.1753 levels.. (yellow zone)

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I am marking same level: 1.1648 as main support for H1 and M15... No selling while H1 candles open above it...

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M15: I am marking 1.1648 as nearest support... Rinse & repeat buying dips as long as candles open above it...

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H1: I am marking 1.1622 as main support.. as long as candles open above it, I stay bullish!

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