The DXY bounced on the support so I entered in for a Buy with the 20 EMA as the first TP, 50 EMA as 2nd Tp and 200 EMA for final TP(all are choosen on the H4 timeframe). The RR is about 1:4. I was actually looking for a divergence on RSI but couldn't get it but anyways price had started reversing with a white marabozu (a very strong bullish candle) on the last H4 candle. Please give comments or suggestions to better improve my trading strategy. Stop loss is 1 ATR with the recent low of the Pin bar yesterday which makes it somewhere around the support. 1% of your account is adviced though
Note, this is not an investment advice just my thought so I'm not responsible for any loss that occured during the period.
Note, this is not an investment advice just my thought so I'm not responsible for any loss that occured during the period.
Trade closed: stop reached:
stop loss taken. All trades till next week