Although this had an unconventional set-up, I really liked the confluence of the H1 EQZ midline, the 61 Fib level and the touch of the 5min ema.
I set my Profit Target to 3R, at the session High, and set a Lock in Profit around the +2R level to cover myself. My thinking was that should price break through the H1 Bear Channel, the next target would be the High, or the area around the 11100 level.
As price began to look bearish and broke down through the H1 EQZ midline, I looked for the first chance at exiting at break even and took it.
As I write this, price is on the rise again! This might have been a case of a trade that was best left alone to play itself out.
Good to see price interacting this the key levels I adjusted last week. This gives further confirmation that this level is one to be watching.