Looking to sell this for a few pips, as the title states... If we break under the target area, we will have a bigger sell.
Of course, if this fails, we are likely to see price reach the upper (red dotted) horizontal resistance line, which we may be able to sell from. (Or make pips on the way there if you fancy)
Of course, if this fails, we are likely to see price reach the upper (red dotted) horizontal resistance line, which we may be able to sell from. (Or make pips on the way there if you fancy)
Bình luận:
Bình luận:
Forgot to update this... Price behaved as expected and we hit our TP.
The break of the lower support line (which was our TP) confirmed the continuation of the downtrend. We placed another large short order here as you can see in the related idea below, posted 9 hours ago now. Woops.
The break of the lower support line (which was our TP) confirmed the continuation of the downtrend. We placed another large short order here as you can see in the related idea below, posted 9 hours ago now. Woops.
If the price breaks this next resistance shown below, it is a good indicator to buy as originally stated.
Otherwise look to enter short as per the original plan.
As always, keep losses to a minimum and recognize when a trade didn't go to plan as early as possible. Re-assess, adjust and re-enter to take those pips home.