My initial thought was about .65 pivot after the last correction but overthinking and a busy day with errands blindsided me into hoping for a drop even lower, therefore I did not open an order and missed a chance to make a sweet little profit as it did move from .65 to about .69 before a tiny retrace back into the .67s.
The volume is very very steady at a normal pace, not much volatility and seems to trend upward within the channels I've drawn. Buying pressure is winning here and I did go in during this last retrace, albeit a mini retrace and plan on longing until the next target which I have at about .77.
Keeping my stop loss tight as I don't want to lose profit I gained from the long I opened yesterday morning and closed after the run proceeding FIFA news.
If I see price action fall into the support level under the trend line I've outlined, I will look for an exit.
I'm learning TA on my own by reading books, watching videos and trial and error.
If you like my thought or are more experienced and think I'm on the right track, please hit "agree".
Thanks!
The volume is very very steady at a normal pace, not much volatility and seems to trend upward within the channels I've drawn. Buying pressure is winning here and I did go in during this last retrace, albeit a mini retrace and plan on longing until the next target which I have at about .77.
Keeping my stop loss tight as I don't want to lose profit I gained from the long I opened yesterday morning and closed after the run proceeding FIFA news.
If I see price action fall into the support level under the trend line I've outlined, I will look for an exit.
I'm learning TA on my own by reading books, watching videos and trial and error.
If you like my thought or are more experienced and think I'm on the right track, please hit "agree".
Thanks!
Trade closed: stop reached:
Nope, wishful thinking LOL
