Good retest gap on Thursday. This trade has the 10,20,50, and 100 EMA's on the daily between the entry and the stop. If this trade triggers, there should be a lot of support to create the bounce. The trend looks bullish on all time frames. Lots of room before the next longer term resistance level at 21.66 so if the trade moves in the right direction, I may look to hold for 4R
@Reallifetrading, I know!!! Looks like I'll just miss this one. Huge bummer since March was a ROUGH month for my swing trades. I'm going to leave this open for another day or maybe two. Really hoping it can make the pullback before the EMA's totally catch up.
FYI, I ended up exiting WFT with a .25R gain... very disappointed since it was only 3 cents away from 4R before tanking like a rock.That how it goes though. Next time, I'll exit half at 3R even if I think I'm going to hit 4R like I did that time.