TRADE #2
I missed the first move down. But I am in on the 50% retracement of the prior trend. 0.90132
( with a massive engulfing candle printed in a zone ).
I had a sell limit order at 0.90132. Stop loss at 0.90707.
*** reasons to get in the trade:
I had previously placed a sell limit order at 50% and because there was a high probabilistic chance that price would go down again ( resistance ).
Target is at 0.87800 - 0.87520
But if price breaks the trend line in blue we will potentially go to 0.83600
I missed the first move down. But I am in on the 50% retracement of the prior trend. 0.90132
( with a massive engulfing candle printed in a zone ).
I had a sell limit order at 0.90132. Stop loss at 0.90707.
*** reasons to get in the trade:
I had previously placed a sell limit order at 50% and because there was a high probabilistic chance that price would go down again ( resistance ).
Target is at 0.87800 - 0.87520
But if price breaks the trend line in blue we will potentially go to 0.83600
Trade closed: target reached:
Trade closed long time ago.
closed at 0.88600
closed at 0.88600