This market has broken the long term down trendline (In green) and it has formed a new up swing, has its retracement at the backside of the broken trendline. In addition, it has also formed a bullish crown with the right tip equals to the left tip. I have entered at 0.98561 and target 1.02 with by stop below the center tip low
Trade active:
Entered at 0.98561
Comment:
I am holding onto my trade and I am likely to be adding another position at this 786 retracement next week due to the Gartley Completions.
Comment:
Bets off.. I am going to let it ride till it hit my stop at 0.97. If it does, so be it and I will lose 1%. I am gonna look to reenter long at another confirmation or if it breaks below the down trendline, then I'll revisit this trade.
Comment:
Strange.. this market did not stop me out.. was about 1 pip away from my stop. I will still let it ride
Trade closed: stop reached:
Closed. Stopped out with 1% lose