This trade looks like it’s gonna be an amazing trade! This is the second time price hit that low since December 2018. At that time, price rallied back with a very nice bullish engulfing candle, which created a demand zone.

I took that trade from the return of the price to the demand zone. I used price action to get a long order at 1.2550. Price has now moved 166 pips passed my buy order, which is pretty great!

Price is moving fast toward my first TP, where I will close half of my position and let the rest ride until I get a signal that momentum is slowing down.

Let’s see where this goes.

UPDATE: June 23rd 2019

I have closed my half of my position at 1.2721 for a profit of 173 pips. Great trade so far. Moving my stop lost to break even. I have made more that 2xATR of profit so far. Bullish candles seems to be showing that there will be more momentum in the next days. Let’s keep an eye for possible reversal price action near latest higher high.

UPDATE: June 29rd 2019

I closed the 2nd half of this trade at 1.2729. Price was reaching a supply zone and a resistance zone. Price started showing a reversal candle. Still, this trade was pretty profitable. Closed the first half for 171.3 pips of profit and the second half for 179.3 pips.

Lets see if we can find another one.