Fun when it go quick like this. The major upmomo on H4 was still holding.
There where a few attempts to run down but never saw any lower lows on the H4. Daily major bias was up and that made me decide to take the trade up just before news.
same basic idea but i was reluctant to play it before the news:oops:
wanted to post this in correlation to what dragon was saying on looking inside the h4 momo to see whats going on
h4 chart(also) have a head and shoulders--- i dont trade the pattern but am aware it is there for an additional reason for support or resistance--marked in white
we have momo down with a held profit zl marked
we come back into the zl and rip through it new momo on 5 min breaks thru the old h4 momo and holds above it
so its telling me we are holding and going further----
still trying to get that 1.4625 target--- lol just cant make it up there