Background:
- Bearish reversal candle off daily resistance @ 1.71 after previous bearish divergence formation
Entry:
- Should have entered after 26 October bearish candle but didnt due to multiple on-going trade
- After my #CADCHF short - 20 October 2016 trade TP-ed, thus free up a slot for another trade
- Took opportunity with the pull back and entered at market @ 1.623
SL:
- Since price has been pushing downwards, SL placed at 61.8% fib level of the bearish reversal candle @ 1.715 (also a few pips above the 1.07 round number)
TP:
- Set at daily resistance support area @ 1.034
- Bearish reversal candle off daily resistance @ 1.71 after previous bearish divergence formation
Entry:
- Should have entered after 26 October bearish candle but didnt due to multiple on-going trade
- After my #CADCHF short - 20 October 2016 trade TP-ed, thus free up a slot for another trade
- Took opportunity with the pull back and entered at market @ 1.623
SL:
- Since price has been pushing downwards, SL placed at 61.8% fib level of the bearish reversal candle @ 1.715 (also a few pips above the 1.07 round number)
TP:
- Set at daily resistance support area @ 1.034
Trade closed manually:
Update - 1 November 2016:
- Due to the AUD rate statement to be release soon, i have close this trade with 10pips loss @ 1.0634
- Aiks, foolish of me, to not check for rate release before entering a trade!!
^ To update again tomorrow to see how the trade plays out after the rate release
- Due to the AUD rate statement to be release soon, i have close this trade with 10pips loss @ 1.0634
- Aiks, foolish of me, to not check for rate release before entering a trade!!
^ To update again tomorrow to see how the trade plays out after the rate release
