Today we caught this solid +62 pips trade in VIP group. I was waiting for the price to give me some signs that new lower low is about to form.
We can see that after strong bullish candle, price immediately formed bearish candle followed with a strong bearish wick rejection. I was also able to connect these lows with a bearish trendline.
I decided to sell and not be greedy with my take profit. I didn't want to go down to 0.95050 (previous major low) because its Friday and it was a good decision.
We can see that after strong bullish candle, price immediately formed bearish candle followed with a strong bearish wick rejection. I was also able to connect these lows with a bearish trendline.
I decided to sell and not be greedy with my take profit. I didn't want to go down to 0.95050 (previous major low) because its Friday and it was a good decision.