Hello traders, I'm back from vacation and looking at my favorite Forex pair again!
Opened a small short position right above the support line which it seems to be fighting to stay above. Last time RSI was this low we had a nice bounce but could pull back even lower, which happened before too. My Forex trades based strickly on TA and no FA.
I've marked my short targets (T1 / T2), we'll see how this plays out.
New to the Forex market, so please feel free to comment as I'd love to hear what you have to say!
Opened a small short position right above the support line which it seems to be fighting to stay above. Last time RSI was this low we had a nice bounce but could pull back even lower, which happened before too. My Forex trades based strickly on TA and no FA.
I've marked my short targets (T1 / T2), we'll see how this plays out.
New to the Forex market, so please feel free to comment as I'd love to hear what you have to say!
Comment:
Well, that didn't take long, looks like it broke support as I made my post!
Trade closed: stop reached:
Closed my position at first target.
Comment:
If you're still in this trade I'm seeing lower lows, good chance it could hit 2nd target!
- Falkor
"I pray to the liquidation gods daily"
"I pray to the liquidation gods daily"