I should cancel the buy limit order on H4 if it has not been triggered today.
Reason: Daily ascending trend line is broken when price is near weekly resistance area.
Not a good sign for longs.
Reason: Daily ascending trend line is broken when price is near weekly resistance area.
Not a good sign for longs.
Order cancelled:
Daily ascending trend line is solidly broken.
So daily lost momentum.
As we only want to take trade with good momentum and good position, so this trade should be canceled.
So daily lost momentum.
As we only want to take trade with good momentum and good position, so this trade should be canceled.
