I see a couple reasons for this long, firstly: OIL. I see it dropping adding to the CAD weakness.
-USD index showing a little strength.
-I called this trade is my private group last week, my entry is shown here.
-A technical double bottom?
-Bullish flag
-Gorgeous long lower wicks on the last 8
hours of trading.
-USD index showing a little strength.
-I called this trade is my private group last week, my entry is shown here.
-A technical double bottom?
-Bullish flag
-Gorgeous long lower wicks on the last 8
hours of trading.
Trade closed: stop reached:
This was a great trade, and a great opportunity to discuss reasons for stop losses! I think the strong move down was due to the terrible explosion in Lebanon. It certainly looked like a terrorist attack of some sort, the Trump saying so in a briefing! This event drove Oil north and Gold North and the USD dropped fairly aggressively also.
This is where this trade just fell off a cliff.
I drive my car with a seatbelt on, statistically terrible things do and will happen. My thoughts are with Beirut and this terrible disaster.
This is where this trade just fell off a cliff.
I drive my car with a seatbelt on, statistically terrible things do and will happen. My thoughts are with Beirut and this terrible disaster.
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.