Bullish Trend Continuation Trade.
Buy on pullback to 146.00 zone.
Trade triggered in kill zone.
RSI oversold 1H
Open 2 positions
P1 T1 40/40 1R
P2 T1 40*/114 (.618 retracement)
*move stop loss to breakeven when P1 target is met.
Buy on pullback to 146.00 zone.
Trade triggered in kill zone.
RSI oversold 1H
Open 2 positions
P1 T1 40/40 1R
P2 T1 40*/114 (.618 retracement)
*move stop loss to breakeven when P1 target is met.
Trade active:
Updated
Trade closed: stop reached:
wow, stopped out due to such large spread on opening with Oanda.
And thats why I dont like keeping trades open over the weekend, if the gap doesnt get you, the crazy spreads will. :(
I will keep an eye on this pair and look for more opportunities this week.
Plan your trades - Trade your plan.
And thats why I dont like keeping trades open over the weekend, if the gap doesnt get you, the crazy spreads will. :(
I will keep an eye on this pair and look for more opportunities this week.
Plan your trades - Trade your plan.
Comment:
hmm stopped me out 5 pips below my SL and 8 pips below the low of the candle wick. Must have been some crazy volatility on the open? I guess that is a good example of slippage.
falling wedge - go long
HNS on 1H, go long
bounce off of round number/support 146.00 go long.
bounce off of .500 Fib zone, go long.
bounce off of EMA 200 (1H) go long.
RSI oversold (1H) (41.5 as of friday close) go long.