Post NFP long trade entered@0.71316. Will price continue to rise??
PRICE ACTION DOWN MOST OF THE DAY, LOOKING TO RE-ENTER SHORT TRADE. WILL WAIT FOR MY SETUP TO CONFIRM A TRADE
Unlike many who post I am a self-taught scalper and only trade the Kiwi/Dollar on the 15-minute chart although I do refer to the longer TF charts to get my bearings before trading. I do not use technical jargon (because I don’t have any) in my post so I probably sound like a simpleton to many experienced traders. I do review all postings that pop up that pertain...
Closed my trade at the second sign of a possible pullback, forsee a re-tracement above this level (0.72057) back down into the 0.71500 level. Looking forward to shorting this next week, Or not, will have to wait and see. Another great week trading the Kiwi. Long going short
Monday to Thursday there were some great trade setups. Friday price went flat. But as it's been said "It's better not to take a trade then to enter a losing trade" Ended the week in the green
At this time (5:20PM PT) price has gain momentum, I might be early but took a trade@0.72865
The high price of June 23 has been breached multiple times and each time price has been able to punch higher, currently price is retracing so I am expecting to put in a short trade upon confirmation.