Spotting a stop run on both 15M and 1H charts I took a long. After seeing 2 pushes down during the past few days I was in a ''short'' mood, however, the reversed H&S that formed on the 15M RSI, plus a stop run reversal pattern I spotted on the 1H chart made me change my bias from short to long and decided to enter a long trade. It's a risky one but with a R/R 1:4 it's defo worth the risk, even if I'm wrong :)
Remember, it's just an idea, that i'm sharing with the community.
Good luck to anyone who takes the risk along side
Comments
DonDimadjo
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Trade completed. TP reached. If anyone took the trade should have ended up with 170 pips profit a few mins ago as I did. :)
DonDimadjo
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Amazing how I survived this trade by 1 pip and price took the course I expected. let's see if the trade can develop further today or the market will take a correction down, after the ineffcient move on friday, caused by a greater than expected retail sales figures
DonDimadjo
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wild market ... crazy moves ... no surprise :) ... anyone who followed the idea? anyone holding the trade together with me?