This move looks pretty solid.
We are getting in on a counter trend for the overall bullish market. There was an engulfing on 78.6 level and we're entering at the 61.8 level.
We are getting in on a counter trend for the overall bullish market. There was an engulfing on 78.6 level and we're entering at the 61.8 level.
Trade closed: stop reached:
Reasons why the trade didn't work:
- The market broke the trend line and continued
- A slight adjustment in trend line was needed to properly see the break and retest.
- The market broke the trend line and continued
- A slight adjustment in trend line was needed to properly see the break and retest.