5 MIN, 1 HOUR ( closing now as a high test ) and 4 HOUR - 50 EMA'S being retested as resistance.
Trading in line with the higher trend direction on the daily.
Holding out for PA to move down to my lower level.
My previous published idea to re test the neck line has now got more opposition to it working currently. It still may work out but, it might take 2 entries to get to the target safely ( NECK LINE ).
This trade giving a quick in and out entry.
Risk:Reward 1:1.75 after spreads..
Trading in line with the higher trend direction on the daily.
Holding out for PA to move down to my lower level.
My previous published idea to re test the neck line has now got more opposition to it working currently. It still may work out but, it might take 2 entries to get to the target safely ( NECK LINE ).
This trade giving a quick in and out entry.
Risk:Reward 1:1.75 after spreads..
Comment:
GOODING MORNING ALL -3 runs at the TP point. New low seemingly established at the point where price gapped from earlier in the week... This being said, we have what maybe a quadruple top occurring, all be it on the 1 hour only. If another run at the TP next week happens will go for a manual close for possibly 1% if lucky. Could have and should have gone with a 1:1 entry as this would have already occurred, with the chance for a follow on second and third entry occurring. Stop loss is still pretty safe so will hold the position and see what i get next week. regards.
Trade closed manually:
Manual close for a loss approximately 0.25 rounding with spreads. Possible new higher low forming now 4 hour.
Comment:
MINUS 0.25 %