Background:
- Bullish reaction off horizontal resistance turned support @ 0.759 and 50MA support
Entry:
- 20pips buy stop at yesterday high @ 0.766
- Set up triggered in this point of writting
SL:
- 20pips below yesterday candle low @ 0.759
TP:
- Previous swing high at 0.78 region
- Bullish reaction off horizontal resistance turned support @ 0.759 and 50MA support
Entry:
- 20pips buy stop at yesterday high @ 0.766
- Set up triggered in this point of writting
SL:
- 20pips below yesterday candle low @ 0.759
TP:
- Previous swing high at 0.78 region
Trade active:
Updates - 18 March 2017:
- Similar to my EURAUD trade (but opposite direction), price went down after testing 20MA resistance but eventually move upwards with the 50MA support.
- Seems like this breakout of 0.76 horizontal level and retest set up would work.
- Will hold on to this trade but pay attention at any bearish action at the 20MA resistance.
- Similar to my EURAUD trade (but opposite direction), price went down after testing 20MA resistance but eventually move upwards with the 50MA support.
- Seems like this breakout of 0.76 horizontal level and retest set up would work.
- Will hold on to this trade but pay attention at any bearish action at the 20MA resistance.
Trade closed: stop reached:
Updates - 26 March 2017:
- Similar to my EURAUD short, the 21 March bearish candle off 20MA resistance act as a good exit signal which i didnt not take....
- I would definitely cut short my losses by 3 times if i taken the signal
Lesson learned:
- To resume daily routine as work commitment is lessen now after super peak season from Jan to March.
- Similar to my EURAUD short, the 21 March bearish candle off 20MA resistance act as a good exit signal which i didnt not take....
- I would definitely cut short my losses by 3 times if i taken the signal
Lesson learned:
- To resume daily routine as work commitment is lessen now after super peak season from Jan to March.
