H2 Support Breakout @ 1.26700
I had no intentions on taking any trades today but I saw a simple and clean breakout so I took a sell.
My idea was:
1.Price rejected Resistance @ 1.27500 which was a major Monthly level.
2.Price broke out of the support level that it's been bouncing from for a couple of days.
3.Price pushed back in to the support for a re-test.
4.Viewing this from a weekly perspective reveled that price was pushing back down to the demand zone around 1.26200.
So with all this facts, it made sense to try and grab a small piece of the move, I didn't hold it to the very end so I got out at 1.26390 which was a perfect way to end the week.
I've learnt a lot from my mistakes this week, i'm hoping that i won't be repeating them any time soon.
My idea was:
1.Price rejected Resistance @ 1.27500 which was a major Monthly level.
2.Price broke out of the support level that it's been bouncing from for a couple of days.
3.Price pushed back in to the support for a re-test.
4.Viewing this from a weekly perspective reveled that price was pushing back down to the demand zone around 1.26200.
So with all this facts, it made sense to try and grab a small piece of the move, I didn't hold it to the very end so I got out at 1.26390 which was a perfect way to end the week.
I've learnt a lot from my mistakes this week, i'm hoping that i won't be repeating them any time soon.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.