Hi traders!
This trade got me thinking as it goes against few of my basic trading techniques. However, with the great week we already had (360 pips banked) I think it's worth the risk. This trade represents a great RR.
What is nice about this trade:
All other information is provided in the chart.
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
This trade got me thinking as it goes against few of my basic trading techniques. However, with the great week we already had (360 pips banked) I think it's worth the risk. This trade represents a great RR.
What is nice about this trade:
- Resistance is holding it down each time
- MACD Daily is about to cross
- Bounced off the trend line
All other information is provided in the chart.
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Trade closed: stop reached:
Analysis was good. We got took out by 4 pips!! NFP can do that to do. Oh well, still in profit for the week!
