I am long on this pair since it touched the .5 retracement (For other reasons). now this might be a good opportunity for me to add.
Ichimoku is bullish in 4H
We have signals that this could be a nice kumo break out:
•Kumo twist
•TK cross,
•Chinkou above price
•Price above kijun
On the D1 Timeframe we are still above the cloud, in what looks like a pull back.. expecting a kumo bounce,
-
For the SL placement i am selecting the kijun sen because it provides good support for price, and it is a tight SL.
If it does not go up now, we might retrace even lower, so i dont want to set a big SL if it will be taken anyway.
Ichimoku is bullish in 4H
We have signals that this could be a nice kumo break out:
•Kumo twist
•TK cross,
•Chinkou above price
•Price above kijun
-
For the SL placement i am selecting the kijun sen because it provides good support for price, and it is a tight SL.
If it does not go up now, we might retrace even lower, so i dont want to set a big SL if it will be taken anyway.
Bình luận:
I was expecting a stronger move up. So this is my SL. I will wait for a more clear picture.
Giao dịch được đóng thủ công:
Stopped out.. I will wait to see another clear long setup for this pair. If it goes below 0.5 retracement i'll wait to see it bounce from another fib level, maybe .618?
Bình luận:
+11 pips.
Bình luận:
i should have let it run a little more. Does not matter, i still have one position open from 0.5 fib, and i'll look to add if price tells to do so !