We are still in a down channel guys...
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Anyone who took this trade, hope you set your SL and remember to close buffer position at trend line if market plays out in favor..
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Market has actually broken a trend to the up side here but i will let it hit SL.
Remember I always say, close buffer position at first resistance zone to cover you incase market moves against you.
Remember I always say, close buffer position at first resistance zone to cover you incase market moves against you.
Comment:
Looks like market did not hit my SL like i felt it would, however this may turn into a scalp trade as that up channel i highlighted in the image above may now be fully developed and read to go up, so I'm out of all positions on this for now. This has turned out to be a scalp trade afterall.
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If I had continued with this trade, I would have considered exit at highlighted zone in purple. Either way I made a little profit in this trade. How I make my entry and the conditions I follow ensures that I always close some pips in profit, whether minor, average or major depends on the market and my exit.
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FINAL RESULTS GUYS
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Ok now I'm kicking myself that I did not hold lmao
