1.Price crossed below SMA50 H/L/C (Short positions only)
2. Indicator showed candle to enter short on close 8:15 GMT+1 / Price: 1.23960
3. Confirmation was shown on MACD, Fast MA moving below Slow MA with selling pressure shown on histogram.
3:1 RR, 31/11. 1 pip either side to cover spread and to stop being stopped out before 10 pips is hit.
TP Target hit 9:17...
Currently watching price pull back from Asian/London cross movement. Expecting bullish trend to continue and ease of U.K. lockdown may be announced Monday.
Trade plan for the day is to capture two 30 point movements.
1st will be if price reverses from 50SMA with buy signals. 2nd after another pullback from that move.
Timescale would be the 1st during London’s...
Long position based of pure indicator setup.
3:1 trade ratio + 2 pips for spread
Against rules are price is not above SMA50 for long positions, but bounce near higher TF support has supported my position.
Long position 17:31 GMT+1 1.2362
Short position setup.
3:1 trade ratio + 2 pips to cover spread
Short opened at 05/05 15:43 GMT+1 1.24519
TP was extended to new target
SL moved to new position
MACD histogram Turing red indication bearish pressure