We are close to the weekly risig support and seem to have found the bottom short term now, so that it is worth to try another long position the more that the uptrend is intact.
Trade closed: stop reached:
Well, yes, stopped out again. It is difficult to stay within thi svalid trend, but it's to dangerous to work without stop loss orders. So it is only possible to try to find a good antry to avoid passing the trend when it will continue. Further downward corrections are bot exclude however, so that stops are inevitable.
Comment:
Next target price is 1.1750.
Trade active:
The target has been almost reached at 1.1757 and the rate is recovering now.
At this much cheaper rate I am making another entry as the trend is still o.k.
At this much cheaper rate I am making another entry as the trend is still o.k.
Trade closed: stop reached:
Stopped out again, looks like if we are either in a deeper correction or we will get into a sideward range.
Comment:
Let me watch how the day ends to decide further action.