This first has to play out. Daily chart so you should already know is long term and Im not entering off of no daily chart but the daily chart gives the bigger picture of first red candle closing under both major moving averages the 50 and 20. Find entry from here looks to be best once it tests that moving average again about 80 pips above. Once confirmation of rejection is found order goes in and stop loss to next zone above . Small lot size to begin this which will allow me to have let it play out and have a greater worst case scenario.
Im not going to play the buy here I am just going to wait.
updates on this trade can be found on IG @Hillarmy
For now like and comment views I always enjoy that.
@transparent-fx,
Yes I saw. I always try to see what you are saying. Opens my eyes. Here tho why don’t you use any type of indicators surely the 50 and 20 moving average I’m using means something to validate reversal. Did me good last week. On nas100