Oscillating up-trend market
+6 true S/R touches
MACD divergence
Phase: Pullback
Market deceleration
Bullish candlestick formation
More than 1:1 win ratio (TP based on 50 EMA resistance). Since the 50 EMA is a Exponential MOVING average , you have to update your TP every day. Check my setup updates !
+6 true S/R touches
MACD divergence
Phase: Pullback
Market deceleration
Bullish candlestick formation
More than 1:1 win ratio (TP based on 50 EMA resistance). Since the 50 EMA is a Exponential MOVING average , you have to update your TP every day. Check my setup updates !
Comment:
The market condition over the past month has been choppy (it's not possible to judge a up-trending or down-trending market), but if you look at the big picture you notice that it's a pullback in a strong 2-year up-trending market. Since i am long trading here i benefit from this choppy condition.
Order cancelled:
I considered to cancle the order because of the undecision market condition.
Comment:
Order active again
Trade active
Comment:
sl moved to 0.87075
Comment:
tp moved to 0.88242
Trade closed manually