Após o preço ter atingido uma zona de exaustão situada entre 1.2360 e 1.2350, podemos começar a pensar em aceitar long trades . Se tiverem a curiosidade de ir verificar o gráfico diário , irão ver que estamos perante um suporte bastante forte ao qual o preço não passa despercebido. Vários dias a fecharem com pinbars e doji candles . O ideal aqui é aguardar a quebra da resistência diagonal traçada e aguardar o retest na zona preferencial 1.2400 . Se não correr como esperado , não se entra na trade , disciplina é muito importante :) É de relembrar também que para além de estarmos numa downtrend que dura há semanas , o preço ainda não atingiu os lows do suporte diário , como podem verificar no gráfico . Um novo movimento bearish até lá é bastante provável .
After the price hit the exhaustion zone of 1.2360-1.2350 , we can start thinking on accepting long trades . If you're interested in verifying the daily charts , you'll see that we are in a major support where the price won't pass unnoticed. Various days closing out on pinbars and doji candles as well . The ideal is to wait for the resistance breakout and hold on until the price retrace and pullsback from the preferencial zone of 1.2400 . If it doesn't go as planned , don't trade it , discipline is very important :) I've got to remind you that we came from a downtrend that is lasting weeks to end/rest and the price didn't actually hit the lowest prices of the daily support , as you can see on the chart . A new bearish movement to the lowest price of the daily support could happen very easily
After the price hit the exhaustion zone of 1.2360-1.2350 , we can start thinking on accepting long trades . If you're interested in verifying the daily charts , you'll see that we are in a major support where the price won't pass unnoticed. Various days closing out on pinbars and doji candles as well . The ideal is to wait for the resistance breakout and hold on until the price retrace and pullsback from the preferencial zone of 1.2400 . If it doesn't go as planned , don't trade it , discipline is very important :) I've got to remind you that we came from a downtrend that is lasting weeks to end/rest and the price didn't actually hit the lowest prices of the daily support , as you can see on the chart . A new bearish movement to the lowest price of the daily support could happen very easily
Invalid setup , the pair broke the support without thinking twice . There's no execution of trade :)