Saw the cable test the 200 EMA (red line) on the 15min 3 times, with the third time a bounce off the daily pivot. Very strong support.
Then I zoomed into the 5min chart and waiting for price to test the 20 EMA twice (blue line).
I went long with a target of the daily R1. Entry price 1.61338
15min chart
5min chart
Update 5:20pm GMT+8
Trade hit TP +12pips. Our TP was at the daily R1 (red line)
Look what happened after the trade hit TP at daily R1!
