I like it when TL's break rather than bounce.
Reason: it is more profitable because stops and trails get taken out in the process
Reason: it is more profitable because stops and trails get taken out in the process
Trade active:
TP1 and TP2 have been acheived and amazingly enough stops did not get hit, I usually move stops to BE after tp1 but I totally forgot about this trade and looked at my phone and it was still open lol :D. TP3(152.00, I did not specify this price point) has also been hit which I did not expect so soon.
We will now open two orders, both shorts...one will be above current price and one will be below.
152.00 is a strong historical support but we see on higher TF that it is clearly in downtrend. Stay tuned for more.
We will now open two orders, both shorts...one will be above current price and one will be below.
152.00 is a strong historical support but we see on higher TF that it is clearly in downtrend. Stay tuned for more.
