Hey guys,
Today's initial balance (IB) has been broken to the upside and tested. We are seeing some nice bullish activity (pin bars) as a rejection suggesting a bullish move is on its way.
I am targeting Friday's point of control @ 1.49660 and setting a tight stop loss at around @ 1.49100 which is our current VA low.
This trade has a RR of about 4.
Trade at your own risk
Cheers
Jesse