Hello fellow traders,
At and below entry we have a cluster of support. Take a profit when the trade has been completed for 50% and move your stop-loss to entry.
You could also take a Day Trade when price retraces to the Golden Pocket of the Fib retracement. That level might even end up being a new Lower Low. In that case this idea would be temporarily invalidated.
Good luck and happy trading!
Kind regards,
n1d0
At and below entry we have a cluster of support. Take a profit when the trade has been completed for 50% and move your stop-loss to entry.
You could also take a Day Trade when price retraces to the Golden Pocket of the Fib retracement. That level might even end up being a new Lower Low. In that case this idea would be temporarily invalidated.
Good luck and happy trading!
Kind regards,
n1d0
Comment:
The Valua Area's have shifted. The idea is still valid, although it would be safer to move the entry to $0.530. I would not place the entry lower than $0.522.
Comment:
Moving entry to $0.532. If we don't get a good rejection from $0.78 (see Related Idea down below), this idea will be cancelled.
Comment:
Sadly the original idea is invalid if you press the play button, because the long postion box was not wide enough. Anyhow, this trade is about to happen.
Trade closed: stop reached:
This was an utter fail. I should have cancelled this trade when I saw the falling knife Price Action. On to the next one.
