The support trend line has shown to last several touches. In addition to that, this projected lower high is also touching a decent resistance/support from months earlier. I put my stop loss above the prize reversal zone.
I am putting a VERY low risk on this, considering it is friday too.
I am putting a VERY low risk on this, considering it is friday too.
Comment:
Prize went down as expected, but is doing a small retracement up again. May be relevant to reentry with this additional confirmation.
Trade closed: target reached:
I went 12 pips profit on this JUST before it reversed and broke the trend line (as expected to happen!). Not a big profit, but something.
A minor gain, be sure to put stop loss on break even at the very least.
A minor gain, be sure to put stop loss on break even at the very least.