Protective Stop Loss @ 1.3335 (one tick above bearish divergent bar high)
Enter based on 30 minutes chart, but also looking at hourly chart momentum decreasing, a divergent between the AO and the price... Target??? don't know, just follow the ride, wants what the market wants... : )
 |
| 30 min chart EUR/USD |
 |
| Hourly chart EUR/USD |
Price rebound at 38.2 % fibonacci, looks like a new trend is developing, don't know yet but it's friday and the market is closing so better I take my profit, close position @ 1.3285... We'll see if it breaks 38.2 fibonacci, i'll jump back in... Total Profit 1.3307 - 1.3285 = 22 pips
No comments:
Post a Comment