Price seems to be displaying a change of character, shifting from bearish to bullish momentum. This presents an opportunity to take a short term long position. Waiting for a confirmation entry is key here.
Allow me to show you how I do it.
Allow me to show you how I do it.
Comment:
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As price hit that bearish breaker , would have been a good time to take a healthy partial. This has potential to reverse, and bring price back to the entry.
Reached up to 6.5%R. Great trade, for those that followed the idea.
As price hit that bearish breaker , would have been a good time to take a healthy partial. This has potential to reverse, and bring price back to the entry.
Reached up to 6.5%R. Great trade, for those that followed the idea.
Do not forget to pay yourself. Partials are important. It has reached up to 4R, so at the very least, remove your initial risk, and/or,move SL to BE. Just a suggestion.