FINALLY, a nice looking LONG

13 באפר׳ 2020

Earlier today, going long on EU didn't look like a great idea (mostly because that consolidation didn't look like a flag to me) but at this point, a long looks like the most reasonable thing to do. Nice Fib level too, but ill advice to wait for further confirmations before entering (let your trading strategy decide that). cheers!

13 באפר׳ 2020

הערה

So Far so good. I see on H1 a higher low (which is a good sign of buying pressure). So I've decided to set a buy limit at 1.09309, which a few pips higher than the previous high.

14 באפר׳ 2020

העסקה בוטלה באופן ידני

So after 4 hours of steady Bearish pressure, I smell something fishy. Then I glance at my RSI on H4 tf and I'm like, "oh snap". How did I not see the divergence?.

So just to be on the safe side, I close the trade on break even, and set a new buy stop above the last two candles, just incase the divergence is right it's actually a reversal.

14 באפר׳ 2020

עסקה פעילה

So far so good. The trade is looking good. You can decided to close and enjoy your profits if you are a day trader, or take partial profits. But do well to manage your profits from here on. Cheers!