I don't think a break long of this would be an A++ entry due to the pin bar at 1.2950 which is also's today R1 and yesterday's R2.
The hourly chart also looks bad.
Nevertheless it is a valid entry (second highlighted bar):
Wednesday, 22 May 2013
MTFM Trade - EURUSD Long
The first entry has set up now on the 15 minute chart with a double engulfing bar.
I don't think a break long of this would be an A++ entry due to the pin bar at 1.2950 which is also's today R1 and yesterday's R2.
The hourly chart also looks bad.
Nevertheless it is a valid entry (second highlighted bar):
I don't think a break long of this would be an A++ entry due to the pin bar at 1.2950 which is also's today R1 and yesterday's R2.
The hourly chart also looks bad.
Nevertheless it is a valid entry (second highlighted bar):
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It was stopped out as price action developed bearishly.
ReplyDeleteThere will probably be another chance to enter for low risk, possibly at a lower price, as long as 1.2901 is not broken to the downside.