SIDEWAY MARKET
Break UP 1.1050 we buy the pull back
Break Down 1.0960 we sell the pull back
Simple but need patience
Break UP 1.1050 we buy the pull back
Break Down 1.0960 we sell the pull back
Simple but need patience
Comment:
already break up. wait for pull back and enter
Trade active:
Enter Long at 1.1055
SL: 1.1040
TP: 1.1200
SL: 1.1040
TP: 1.1200
Trade closed: stop reached:
HIT SL @ 1.1040, which means it is not a valid break out.
Exit and observe first
Exit and observe first
Comment:
It is important we stopped the long trade since it is a fals break out
Now it break down. wait for pull back and find shorting opportunity.
It is important we stopped the long trade since it is a fals break out
Trade active:
The pull back completed at exactly the previous support
1.0957
Enter a short at 1.0955
1.0957
Enter a short at 1.0955