Daily CSM Buy > High potential to Pullback to MA low
H1 CS closed as CSAK (below midBB + MALO) at 4AM MY time (20:00 GMT)
Of course I was sleeping that time lol
So I woke up quite early around 5:30AM because of family matter
And I opened position when I saw H1 CSAK
As usual the TP would be MALO on Daily chart
At 1st I put the SL at 1.38584 (Fibo 0.236)
But then I changed my SL to the last HH (1.38660) because H1 made CSAK BUY with fibo 1.61 higher than my original SL
So that's the reason I need to change my SL but I don't plan to change my SL anymore because that would mess up my risk:reward
As of now I could see the market is more on sideways
Lets see how it goes
Anyway I'm going to change my TP base on new Daily CS MALO point
Whatever it is take care of your MM
Trade at your own risk. This just for my personal analysis.
Of course I was sleeping that time lol
So I woke up quite early around 5:30AM because of family matter
And I opened position when I saw H1 CSAK
As usual the TP would be MALO on Daily chart
At 1st I put the SL at 1.38584 (Fibo 0.236)
But then I changed my SL to the last HH (1.38660) because H1 made CSAK BUY with fibo 1.61 higher than my original SL
So that's the reason I need to change my SL but I don't plan to change my SL anymore because that would mess up my risk:reward
As of now I could see the market is more on sideways
Lets see how it goes
Anyway I'm going to change my TP base on new Daily CS MALO point
Whatever it is take care of your MM
Trade at your own risk. This just for my personal analysis.
Trade active:
Changed TP to 1.37865 following Daily MALO
Trade closed: target reached:
Yay! Hit TP