I entered this pair short on the close yesterday as we printed an SFP but my stop was too tight and I suffered a 1R loss. Re-entering as I believe the idea is still valid.
SFP printed on the close yesterday, 4H printed a Bearish Engulfing, all in confluence with the 0.5 fib which lines up with the Daily level.
SFP printed on the close yesterday, 4H printed a Bearish Engulfing, all in confluence with the 0.5 fib which lines up with the Daily level.
Comment:
Scratching this one. Might be impatience, might be the trade is taking too much time for the idea to be correct. I’m not certain so I’ve closed out to sit on the sidelines for NFP.
Comment:
Was impatience. No big deal, there will be another opportunity. Need to build confidence in my system.