When we are trading the right side of the market, we must always look left to find clues.
The reason I took some profits off my long trade at 1.3400 was because it was a resistance level (look left).
Again looking left, I would want to see some price reaction to the 1.3365 levels to reestablish my long position.
I still have half a position open. See related Bullish Bat trade below.
The reason I took some profits off my long trade at 1.3400 was because it was a resistance level (look left).
Again looking left, I would want to see some price reaction to the 1.3365 levels to reestablish my long position.
I still have half a position open. See related Bullish Bat trade below.
Trade active:
Took an additional long trade with proliferation first bounced off at 1.3365. now back at these levels again.
I would cut this trade if the pinbar support fails to hold. The current 2 down H1 candle does not look good
I would cut this trade if the pinbar support fails to hold. The current 2 down H1 candle does not look good
Trade closed: stop reached:
Trade closed as it dipped down to touch SL at 1.3355. (-16pips). Still had my earlier half position to cover this loss
