Looking for a counter trend trade on the Dollar Index. Looking for a Bounce off the Daily demand zone that has been refined on the 4hr. The safer bet would be to wait for the trendline to break and go long off that demand zone but I'm still practicing and this is a good learning opportunity.
Nice reaction (speed and volatility) away from this level. Don't really like that the level is not near its origins and that price is decelerating and stair step down but price has picked up speed lately.
Constructive Criticism is welcomed.
Nice reaction (speed and volatility) away from this level. Don't really like that the level is not near its origins and that price is decelerating and stair step down but price has picked up speed lately.
Constructive Criticism is welcomed.
Trade closed: stop reached