TREND LINE CONFLUENCE RSI DIVERGENCE D1 88.6% + 127.2% FIB SHOWN ON CHART.
ONLY DOWNSIDE IS ENTERING NOW WILL REQUIRE A STOP LOSS OF 200 PIPS. I AM UNWILLING TO ENTER NOW. I HAVE PLACED A SELL ORDER @ 1.5790 WITH 120 PIPS SL.
D1
Comments
PriceActionTrading
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Wow. Lucky me i have closed @ 1.5682 last night. Waking up to see the price at current level.
PriceActionTrading
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Already 150 pips in.. Looking for 250-300pips.
PriceActionTrading
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Price currently retracing after the downwards impulse. Keep your stops above 1.5930 and hope for the best.
If price retraces more than 88.6%, we shall start to worry.
PriceActionTrading
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Pretty much got stop hunted out of this trade. Hit my stop exactly and drove down afterwards.
PriceActionTrading
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ENTERED @ 1.5830 WITH 100 PIPS SL. AIMING FOR 300 PIPS.
PriceActionTrading
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PRICE REACHED ENTRY LIMIT SOONER THAN EXPECTED. LOOKING AT ENTERING @ HIGHER PRICES NOW, GREEDILY.
@ 61.8 - 88.6%
"NOT ENTERING A TRADE IS BETTER THAN ENTERING @ UNFAVOURABLE PRICE".