Free Forex Price Action Trading Strategies / Psychology Site

Friday, 31 May 2013

DEMAND RETURN SET-UP: EURUSD Long Part 2

I entered on the long break of the inside bar off the demand zone.
The pin bar on the 200 EMA (white line) against the trade made me nervous.
Finally the large bearish engulfing bar off 1.30 and the 20 EMA (blue line) in the direction of the daily trend convinced me to exit for a small loss.



The original stop still has not been hit so if you are in this trade you could still hold on. In fact as I speak it is bouncing back strongly.

No comments:

Post a Comment